Nigeria, Nov. 13 -- The presidential campaign organisation of Oyo State Governor Seyi Makinde has called for an open investigation into the federal government's reported commitment of about 340 million barrels of Nigeria's future crude oil production to secure loans estimated at N11.2 trillion.

The Makinde-Daura Presidential Campaign Organisation (MDPCO) accused President Bola Tinubu's administration of committing future oil revenues to debt obligations without sufficient public disclosure, warning that the arrangements could constrain Nigeria's finances for years.

In a statement on Thursday, the organisation's Director of Strategic Communications, Richard Ihediwa, said the reported loans were obtained through four financing arrangement...