Subsidy: Reps Want Accurate Daily Consumption Of Petroleum Products Ascertained

Subsidy: Reps Want Accurate Daily Consumption Of Petroleum Products Ascertained

By Paul Effiong, Abuja

The House of Representatives Ad-hoc Committee on Fuel Consumption has commenced assessment to know exact volume of petroleum products being consumed daily in Nigeria.

Chairman of the Committee, Hon Uzoma Nkem-Abonta, who led members of the committee on an oversight visit to tank farms in Calabar, Cross River State said in view of the current debate on whether fuel subsidy be removed or not, the House of Representatives set up the committee to ascertain the product consumption in Nigeria.

Our Sources disclosed that the report of the committee will be used by the House as an indicator to perfect the issues around fuel subsidy in the country.

According to the law maker, “We are going to find out the volume of product being consumed in the country daily emphasizing that the report will be used by the House of Representatives as an indicator to perfect many national issues in the country.

“Subsidy has become a topical issue that has bedevilled Nigeria for a long while and you cannot get or calculate subsidy without knowing the actual volume.

“At the end of the exercise, if we get it right, the House of Representative will be in a better position to direct or properly place this issue of subsidy or to do otherwise.

“From what the Nigeria Customs Service had told us about products getting into our neighbouring countries, if that is true, then it is not part of what we claim we consume,” he said.

Abonta noted that part of the committee’s mandate was also to find out the exact volume of product brought into the country to address incessant scarcity.

“For now, we are on a mission to find out the volume of product been brought into the country and in doing that, we need to take a comparative and quantitative data from all the depots across the country.

“After that, we can then analyse our consumption on a monthly or yearly basis; then we can place it side by side with the subsidy paid out.

“There has been so much controversy on the issue of subsidy; especially on who paid what, who got what and the issue of value,” he added.

Some of the tank farms visited included, Northwest Petroleum, Ammasco Petrochemicals Company, Mainland Oil and Gas, Alkanes, Sobaz, Ibafon and Blokks.

The lawmakers were conducted round the farms by Mr George Ene-Ita, Regional Coordinator, Nigerian Midstream and Downstream Petroleum Regulatory Authority, South South Regional Office, Calabar.

It would be recalled that most prominent Nigerians invited by the Committee had refused to honnored the invitation.

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