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Fuel subsidy: Nigerians must demand transparency from NNPCL, says Peter Obi

Fuel subsidy: Nigerians must demand transparency from NNPCL, says Peter Obi

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Peter Obi, the Labour Party’s presidential candidate in the 2023 election, has urged Nigerians to demand transparency from the Nigerian National Petroleum Company Limited (NNPCL) regarding petrol subsidy payments. Obi expressed concerns about conflicting reports on subsidy payments, which have left Nigerians unclear about the company’s operations.

He attributed the ongoing fuel scarcity crisis to the government’s incompetence, citing the $20 billion Dangote Refinery and other modular refineries’ struggles to secure crude oil supply. Obi demanded transparency in NNPCL’s operations, financial dealings, and plans for the future, as mandated by the Petroleum Industry Act.

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The former presidential candidate called on the administration to come clean on the issues and take responsibility for the chaos it has caused. He emphasized that Nigerians deserve better and should not rest until they uncover the truth and hold those responsible accountable.

Obi’s statement comes amid conflicting reports on subsidy payments and the NNPCL’s declaration of a N3 trillion profit in 2023. The company’s claim of “financial constraints” in supplying fuel has raised eyebrows, and Obi’s call for transparency aims to shed light on the company’s operations and financial dealings.

The fuel scarcity crisis has caused significant hardship, with persistent queues and struggles to access fuel. Obi’s demand for transparency and accountability seeks to address the root causes of the crisis and ensure that those responsible are held accountable.

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