NNPCL to Undergo Forensic Audit as Govt Targets 7% Growth

• Minister of Finance, Wale Edun, announces forensic audit of NNPCL soon.

• Edun reveals this at the Nigerian Investor Forum in Washington DC.

• The audit is part of broader efforts to clean up and examine NNPCL closely.

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has announced that a forensic audit of the Nigerian National Petroleum Company Limited (NNPCL) will begin soon.

Edun made this revelation at the ongoing Nigerian Investor Forum, held alongside the IMF/World Bank Spring Meetings in Washington DC.

According to Edun, the recent changes in the NNPCL management are part of a broader effort by the Federal Government to clean up and examine the company closely.

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He told top global investors, including representatives from J.P. Morgan, that the government’s bold economic steps have laid a strong foundation to attract private investment.

“We’re staying the course,” Edun said, highlighting signs of progress such as lower budget deficits, a better trade balance, and a more stable exchange rate.

He also emphasised the importance of growing key sectors, especially agriculture, stating, “We aim to close the food supply gap, not by importing more, but by enabling domestic producers to scale and innovate.”