Federation owes NNPC N17.5tn in 2024 as energy security expenses surge
The Federation has accumulated a massive N17.5tn debt owed to the Nigerian National Petroleum Company Limited for pipeline protection and energy-security operations the oil company undertook on the nation’s behalf in the 2024 financial year. Analysts are now calling for a forensic audit of the spending, raising concerns over persistent leakages, weak crude production, and…
