KOKO Business · 17 Oct 2026
Atiku Questions NNPC Discount’s Legitimacy and Impact

Atiku raised concerns that the discount policy might indicate the administration is providing political goodwill rather than real relief, suggesting the national oil company could be used without clear financial explanations.
Phrank Shaibu, ADC Presidential Campaign Council’s strategic communication director, noted Atiku questioned if NNPC’s board approved the discount arrangement prior to the Presidency’s announcement.
He argued that NNPC, established as a commercial entity under the Petroleum Industry Act, should not serve as a funding mechanism for presidential campaigns without transparency.
Atiku also claimed the discount’s implementation lacks accountability, noting the administration expects credit for the policy without disclosing board approval, costs, or financial accountability mechanisms.