Reps commences fuel consumption assessment in subsidy probe

The House of Representatives Ad-hoc Committee on Fuel Consumption, in the prove of petrol subsidy, commences the assessment of the volume of petroleum products being consumed in the country daily.

Chairman of the Committee, Uzoma Abonta, led other members of the committee on an oversight visit to tank farms in Calabar, Cross River State.

The committee members inspected the farms, being guided by George Ene-Ita, Regional Coordinator, Nigerian Midstream and Downstream Petroleum Regulatory Authority, South-South Regional Office, Calabar.

Abonta noted that the House of Representatives set up the committee to ascertain the product consumption in the country since the debate on whether fuel subsidy should be removed or not.

The House committee chairman said that the report of the committee will be used by the House as an indicator to perfect the issues surrounding the subsidy.

Abonta stated: “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.

“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.”

The lawmaker maintained: “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 analyse our consumption on a monthly or yearly basis; then we can place it side by side with the subsidy paid out.

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

Some of the tank farms the federal lawmakers inspected include Northwest Petroleum, Ammasco Petrochemicals Company, Mainland Oil and Gas, Alkanes, Sobaz, Ibafon and Blokks.