“We commend the leadership of NNPCL under Bayo Ojulari for demonstrating transparency and accountability in the discharge of his duties. The publication of the audited financial statements provides Nigerians and stakeholders with the opportunity to understand the circumstances surrounding the energy security expenditure and to subject the figures to proper scrutiny,” the statement said. The audit report provides explanations on under-recovery, exchange-rate differentials and other costs incurred by NNPCL in the course of maintaining energy security,” NYG said. “The long-term success of subsidy removal will ultimately depend on how responsibly the resulting revenues and savings are utilised. Nigerians must be able to see the benefits through better roads, healthcare, education, security, energy infrastructure and other projects that improve living standards and stimulate economic growth,” the statement said.