The Coalition for Energy Reforms and Good Governance Advocacy has urged the Federal Government to launch an immediate investigation into alleged corruption within the oil sector. The call came during a press conference held in Abuja on Friday, following the recent hike in the pump price of Premium Motor Spirit (PMS), commonly known as petrol.
The Nigerian National Petroleum Company Limited (NNPCL) raised the price of PMS on Wednesday, sparking widespread reactions from citizens who expressed concern over the worsening economic conditions. The price increase has intensified public discontent, with many criticizing the government’s inability to address the challenges in the petroleum sector.
Yakubu Dauda, the convener of the coalition, voiced disappointment with the leadership of NNPCL under Mele Kyari, accusing the company of failing to fulfill its promises to improve Nigeria’s petroleum industry. “The Nigerian government must immediately conduct a comprehensive audit of the NNPCL’s operations, focusing particularly on the allegations of corruption and the unnecessary charges that have been added to the price of PMS,” Dauda stated.
He further pointed to the failure to revive local refineries as a major shortcoming of Kyari’s tenure. “Those found responsible for inflating fuel prices and sabotaging local refineries must be held accountable, regardless of their positions of power,” he added, stressing the need for greater accountability within the oil sector.
The coalition also called for urgent government investment in Nigeria’s local refineries to reduce reliance on imported fuel. “Nigeria has the resources, the manpower, and the expertise to become a net exporter of petroleum products, but this can only happen if we break free from the grip of the corrupt cabals that have hijacked the industry,” Dauda remarked.
The press conference underscored the growing frustration among citizens and civil society groups, who are demanding swift action to address the alleged corruption and inefficiencies plaguing the oil sector.
