Socio-Economic Rights and Accountability Project (SERAP) has urged Mr Mele Kolo Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), to transparently publish daily details of Nigeria’s oil production, exports, and the total revenue generated since the removal of the petrol subsidy in May 2023.
In a letter dated December 9, 2023, signed by SERAP’s deputy director, Kolawole Oluwadare, the organization emphasized the legitimate public interest in disclosing such critical information.
According to the Punch, the request also includes clarification on allegations of the NNPCL’s failure to remit revenues generated from oil to the public treasury post-subsidy removal.
SERAP emphasized that transparency in oil production and revenue details would enhance public trust and prevent diversion of funds into private hands.
The letter set a seven-day deadline for compliance, warning of potential legal actions if the NNPCL fails to respond within the specified timeframe.
SERAP urged him “to disclose how much of the revenues generated from oil have been remitted to the public treasury since the removal of subsidy on petrol.”
SERAP also urged him “to disclose details of payment of N11 trillion as subsidy, and to clarify allegations that the NNPCL has failed to remit revenues generated from oil to the public treasury since the removal of subsidy on petrol.”