Energy security: ADC challenges Tinubu govt over NNPC N17.5tn spending

The African Democratic Congress, ADC, has called connected President Bola Tinubu, the Nigerian National Petroleum Company Limited, NNPC Ltd., and the National Assembly to publically relationship for trillions of naira reportedly spent connected vigor security, questioning what Nigeria has gained from the expenditure.

The absorption enactment made the request successful a connection issued by its National Publicity Secretary, Bolaji Abdullahi, portion reacting to figures contained successful the precocious audited fiscal accounts of NNPC Ltd. for the 2024 fiscal year.

According to Abdullahi, the audited accounts showed that N7.13 trillion was recorded nether “Energy Security” successful 2024, a fig helium said roseate to astir N17.5 trillion erstwhile different fuel-related costs and receivables reflected successful the accounts are included.

He argued that the standard of the expenditure raises superior questions that merit contiguous nationalist explanation.

“Only a fewer years ago, Nigerians debated a pipeline surveillance declaration worthy astir N48 billion. Today, the audited accounts grounds N7.13 trillion nether ‘Energy Security’ for 2024. When different fuel-related costs an...