*Doubts Nigeria’s petrol consumption data *Backs Tinubu’s decision to remove petrol subsidy *RMAFC: NNPCL’s N8.48tn subsidy claims still unreconciled, backs removal Ndubuisi Francis, Emmanuel Addeh and James Emejo in Abuja
*RMAFC: NNPCL’s N8.48tn subsidy claims still unreconciled, backs removalThe governor of Nasarawa State, Mr. Abdullahi Sule, yesterday stated that the Muhammadu Buhari administration expended over $19 billion on repairing Nigeria’s four refineries in eight years without commensurate results.
Sule, also explained that he had always supported the removal of subsidy because he believed that there was massive fraud in the process. He recalled that as Managing Director of AP, he had complained over 22 years ago that there was no way Nigeria would consume 30 million litres of petrol per day at the time.
The governor maintained that several licences were issued for the construction of refineries in the past, but said that this had not worked because of the nature of the industry. He stated that subsidy should have been removed in 2015, when the prices of crude oil fell abysmally. He stated that while the ideal thing would have been to fix one of the refineries, monies released were shared among all the facilities, leading to what he described as “zero work”.The governor said, “The refinery is actually a component for water, crude, and diesel, about five or six different components that constitute a refinery.
He stated, “As I am talking to you now, NNPC just last week confirmed to us that it is between 65 million litres and 70 million litres. That is what the government is paying. So, I asked the officials of the NNPC, ‘how are you determining this consumption?’ They said, ‘well, we are determining the consumption by lifting’.
Sule pointed out that accountability would come automatically when prices were determined by market forces, since smugglers will stop buying from the country, which would allow Nigeria determine its actual consumption figure.Meanwhile, Shehu, yesterday backed the removal of fuel subsidy, citing lack of transparency in the scheme.
The RMAFC chairman said, “It is saddening to note that since 1st January 2022 to date, NNPC has not been contributing to the Federation Account due to the claimed subsidy payments.”
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