Reps kick-start fuel consumption assessment as subsidy debate continues

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The House of Representatives Adhoc Committee on Fuel Consumption has begun the assessment of the volume of petroleum products consumed in the country daily.

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

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

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

Abonta said the House of Representatives, in its wisdom, set up the committee to truly ascertain the product consumption in the country, adding that the report of the committee would 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 would 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.

“At the end of the exercise, if we get it right, the House of Representative would 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.

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