BudgIT has expressed dismay at the lack of accountability and transparency by the Federal Government and the Nigerian National Petroleum Corporation (NNPC) on the amount so far spent on subsidy in 2016, 2017 and the first quarter of 2018, The Guardian reports.

The group is insisting that it is in the interest of the public that detailed information of the amount spent on fuel subsidies such as the beneficiaries, the pricing template for arriving at the subsidy rates and the volume of petroleum products utilised be made open, while subsequent ones are henceforth carried out transparently.

BudgIT is a civic organization that applies technology to intersect citizen engagement with institutional improvement, to facilitate societal change. The Minister of State for Petroleum Resources, Ibe Kachikwu, had recently disclosed that a total of N1.4 trillion is being spent annually by the Nigerian National Petroleum Corporation (NNPC) as the subsidy for Premium Motor Spirit (PMS).

Â