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SERAP Gives NNPC 7days To Disclose How Much Oil Nigeria Produces, Exports Daily

by Present Nigeria
December 11, 2023
in News
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SERAP Condemns Increase in Electricity Tarrifs And Petrol Pump Price

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The Socio-Economic Rights and Accountability Project, SERAP, has urged Mele Kolo Kyari, the Group Chief Executive Officer, Nigerian National Petroleum Company, NNPC, Limited to disclose how much oil Nigeria produces and exports daily within seven working days.

SERAP alleged that the NNPCL had failed to disclose the amounts of barrels of oil the country produces and exports according to information at its disposal.

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The organization also asked Kyari “to disclose how much of the revenues generated from oil have been remitted to the public treasury since the removal of subsidy on petrol.”

This was disclosed in a letter signed by SERAP Deputy Director, Kolawole Oluwadare, noting there was a legitimate public interest in disclosing the information sought.

“Nigerians are entitled to the right to receive information without any interference or distortion, and the enjoyment of this right should be based on the principle of maximum disclosure, and a presumption that all information is accessible subject only to a narrow system of exceptions.”

“By Section 1 (1) of the Freedom of Information (FoI) Act 2011, SERAP is entitled as of right to request for or gain access to information, including information on the details of barrels of oil Nigeria produces and exports every day and the total amounts of revenues generated and remitted to the public treasury.”

SERAP argued that the “Opacity in the amounts of barrels of oil the country produces and exports daily, the revenues generated and remitted to the public treasury would have negative impacts on the fundamental interests of the citizens and the public interest.”

The organization said it would consider appropriate legal actions to compel the NNPCL to comply with the requests in the public interest, if it did not get any response within seven days.

SERAP recalled that the former Governor of the Central Bank of Nigeria, CBN, Sanusi Lamido Sanusi, had last week alleged that “the NNPCL is failing to remit enough foreign exchange into the treasury despite the removal of fuel subsidy.”

According to the organization the NNPCL has a legal responsibility to promote transparency and accountability in barrels of oil the country produces and exports every day.

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PRESENT, a credible online newspaper from the cell of Red Carpet Communications Limited, is published by an experienced and profoundly resourceful journalist, Yemi Olowolabi.
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