FRCN HQ
Business Featured Headline NASS News Nigeria Oil&Gas

Reps commences fuel consumption assessment

The House of Representatives Ad-hoc Committee on Fuel Consumption has begun the assessment of the volume of petroleum products being consumed in the country on daily basis.

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

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

Mr Abonta said that 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 product consumption in the country.

According to him, the report of the committee will be used by the House as an indicator to perfect the issues surrounding the subsidy.

“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 bedeviled Nigeria for a long while and you cannot get or calculate subsidy without knowing the actual volume.

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

He said that part of the committee’s mandate was also to find out the exact volume of product brought into the country.