NNPC's N7.13tn: What does Nigeria have to show for it, ADC asks

By Luminous Jannamike

ABUJA – The African Democratic Congress (ADC) has challenged the Federal Government and the Nigerian National Petroleum Company Limited (NNPC Ltd.) to account for the N7.13 trillion recorded as energy security expenditure in the company’s audited 2024 financial statements, saying Nigerians deserve to know what the country has to show for the spending.

For the opposition party, the issue is not simply the size of the expenditure but whether trillions of naira in public funds translated into safer oil infrastructure, stronger energy security, improved public revenues and tangible benefits for ordinary Nigerians at a time of mounting economic hardship.

Mallam Bolaji Abdullahi, the ADC’s National Publicity Secretary, signed the statement, which called on President Bola Tinubu, the Board and Management of NNPC Ltd. and the relevant committees of the National Assembly to immediately publish a comprehensive breakdown of the expenditure, including the beneficiaries, payments made, outcomes achieved and any independent value-for-money assessment of the spending.

The ADC also linked its demand for greater transparency to Government Ekpemupolo, popularly known as Tompolo, whose company has been publicly identified as a major pipeline surveillance contractor.