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Fuel Subsidy: National Assembly Assesses Nigeria Daily Fuel Consumption

ROTIMI ASHER

In a bid to resolve issues surrounding the removal of fuel subsidy, the National Assembly, House of Representatives Ad-hoc Committee on fuel Consumption has commenced an assessment of daily petroleum product consumption in the country.

According to a report emanating from News Agency of Nigeria, the Chairman of the Committee, Rep. UzomaAbonta, led other members of the committee on an oversight visit to tank farms in Calabar, for the assessment.

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

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

Speaking during the assessment tour, Abonta said, ‘’in view of the current debate on whether fuel subsidy should be removed or not, the House of Representatives set up the committee to ascertain the product consumption in the country.’’

He said,‘’the report of the committee will be used by the House as an indicator to perfect the issues surrounding the subsidy.’’

According to him, ‘’we are trying to find out the volume of product being consumed in the country daily. This report will be used by the House of Representatives as an indicator to perfect other issues.’’

Abonta said, “Subsidy has become a topical issue that has bedeviled 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.

‘’Part of the committee’s mandate,’’ he explained,‘’was also to find out the exact volume of product brought into the country.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.’’

“After that, we can then analyze 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 said.

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

 

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