NNPCL N11.2tn pipeline pecurity spending: Oil sector allocation under Tinubu dwarfs defence – Atiku
The presidential candidate of the African Democratic Congress, ADC, and former Vice President, Atiku Abubakar, has said that under President Bola Ahmed Tinubu, allocation to the oil sector dwarfs that of defence and security in the country. In a statement on Sunday, Atiku, through his spokesperson, Phrank Shaibu, questioned the spending by the Nigerian National […] NNPCL N11.2tn pipeline pecurity…
Former Vice President Atiku Abubakar, running as the presidential candidate for the African Democratic Congress (ADC), has raised concerns about the allocation of funds in President Bola Ahmed Tinubu's administration. In a recent statement, Atiku questioned the N11.2tn spending by the Nigerian National Petroleum Company Limited (NNPCL) on pipeline security, which is more than three times the defence allocation in 2025.
The NNPCL's 2025 financial records reveal an approximate N11.2tn in other receivables from the Federation. However, Atiku demands a detailed explanation of how this money is being spent, including information on what was paid, who was paid, and for what work. He argues that under Tinubu's administration, the oil sector receives significantly more resources than the country's defence.
Atiku emphasized that this disparity clearly indicates the priorities of the current administration.
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