Senate Gives Finance Minister, Wale Edun Seven Days To Provide Details Of How N100b Gas Project Fund Was Disbursed

The New Diplomat
Writer

Ad

ISWAP insists it killed Brigadier General in Borno ambush, contradicting Army’s account

By Obinna Uballa Islamic State West Africa Province (ISWAP) has claimed it killed Brigadier General M. Uba during Friday’s deadly ambush on a military convoy in Borno State, a claim that directly contradicts the Nigerian Army’s denial. The New Diplomat had reported that attack occurred along Damboa–Wajiroko Road as troops and Civilian Joint Task Force…

Atiku Slams Kebbi School Attack, Demands Urgent Security Overhaul

By Abiola Olawale ​Former Vice President Atiku Abubakar has strongly condemned the tragic attack on the Government Girls Comprehensive Senior Secondary School, Maga, in Kebbi State, describing the incident as a grim new reminder of Nigeria's worsening national insecurity crisis. ​The attack, which reportedly claimed the life of the school's Vice-Principal and resulted in the…

Nigeria records sharp inflation drop to 16%, extending seven-month decline – NBS

By Obinna Uballa Nigeria’s inflation rate has continued its downward trajectory, falling to 16.05 percent in October 2025, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS) on Monday. The figure marks the seventh consecutive monthly decline and represents a significant easing of price pressures compared to…

Ad

By Ken Afor

The Senate Committee on Gas Resources has given a seven-day ultimatum to Mr. Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, to provide it with details of how the Presidential Initiative on Compressed Natural Gas (PICNG) Steering Committee disbursed the N100 billion to companies undertaking the project.

The ultimatum was given following a petition written to the Senate Committee by a civil society organization known as Good Governance and Transparency Front.

The group alleged that the selection process of the companies was done in breach of the Public Procurement Act 2017.

This was conveyed in a letter issued by Senator Jarigbe Agom Jarigbe, Chairman of the Senate Committee on Gas Resources, who is a member of the Peoples Democratic Party (PDP) from Rivers State to the Finance Minister.

This development follows a fresh plan by the PICNG to release another N130 billion to an unknown number of companies.

According to the letter, “I am writing to request for comprehensive brief regarding the utilization of the sum of N100 billion allocated by the federal government for the development of gas infrastructure aimed at providing Compressed Natural Gas, CNG, to Nigerians as an alternative to fossil fuels.

“The committee is seeking detailed information on the process followed in the award and disbursement of funds to the companies benefiting from the allocation.

”I would appreciate insight into the compliance of these processes with the provisions of the Public Procurement Act 2007.”

The committee stressed its interest in understanding the steps taken by the PICNG in the bidding process and how the contracts were awarded to the selected companies.

According to the Senate committee, request became necessary to ascertain whether the PICNG followed due process, which should not fall short of public trust and accountability.

The committee added, ”Specifically, the committee is interested in understanding the steps taken in the opening of bids, the qualification criteria applied, and the subsequent award of contracts to the selected companies.

”Transparency and adherence to due process are crucial aspects in ensuring public trust and accountability in such initiatives.

“Kindly provide documentation and details regarding the companies that received funding, outlining the specific projects or initiatives they are undertaking to promote the use of Compressed Natural Gas (CNG) in the country.

“I believe this information will be invaluable for our committee’s oversight responsibilities and contribute to ensuring the success and effectiveness of government ‘s efforts in promoting alternative energy sources.

“I appreciate your attention on this matter and look forward to receiving the requested information in seven days from the date of receipt.

“The requested information should please be submitted in soft copy and 30 sets of hard copy to the clerk of the committee.”

Ad

X whatsapp