NNPC’s $1.42bn, N5.57trn Debt Write-Off and the Test of Nigeria’s Fiscal Governance

NNPC’s $1.42bn, N5.57trn Debt Write-Off and the Test of Nigeria’s Fiscal Governance.

The article critically examines the Federal Government’s decision to write off substantial debts owed by the Nigerian National Petroleum Company Limited to the Federation Account, interrogating what the move reveals about fiscal discipline, transparency, and accountability within Nigeria’s public finance system.

It explores whether the debt cancellation represents a necessary reset to stabilise NNPC’s balance sheet or a troubling precedent that weakens governance norms and public trust. The piece also assesses the broader implications for revenue mobilisation, subsidy reform, and Nigeria’s long-term fiscal sustainability.

Given the scale of the figures involved and their significance for national revenue and economic credibility, I believe the article offers timely insight that will contribute meaningfully to informed public debate.

Kindly find the article attached for your editorial consideration. I would appreciate your feedback and guidance on the publication process.