N6.7TRN Petrol Subsidy Customs Boss Faults NNPC’S Consumption Figures - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Publisher (F.BA)
September 2, 2022
Figures attributed to the company put the daily consumption of the product at about 60 million liters, while the company said it on daily basis push out 98 million liters into the market, for which subsidy is calculated and paid.
Ali, who described the subsidy regime as non-existing, was responding to a question by the House of Representatives Committee on Finance, on what efforts the Customs is making to address reported smuggling of fuel, a development the NNPC blamed as being responsible for the huge amount paid for subsidy.
The committee had been engaging Ministries, Departments and Agencies, MDAs on the 2023-2025 Medium Term Expenditure Framework, and Fiscal Strategy Paper, MTEF/FSP.
The Customs Boss noted that if it is assumed that NNPC was correct that the daily consumption was 60 million liters, and it supplies 98 million liters daily, questions needed to be answered whether all vehicle owners in Nigeria buy full tank capacity of the product daily. He added that how could 38 million liters, which is the differential between the estimated consumption and the supplied quantity, requiring at least 500 trucks to load, be moved out of the country on daily basis.
On his part, Deputy Chairman of the Committee Saidu Musa Abdullahi, while agreeing with Ali’s assertions, said the government is not doing well.