Nigeria In One Minute

NNPC, DPR Heading for a Showdown over Petrol Consumption, Subsidy Figures

The Nigerian National Petroleum Corporation and the Department of Petroleum Resources might be heading for a showdown over the actual litres of refined petrol the nation consumes daily.

In the middle of the disagreement was the Nigerian Governors’ Forum (NGF), which accused the NNPC of reporting excessive petrol consumption figure to facilitate deduction of undue petrol cost (under-recovery) from domestic crude cost.

This, the governors reckoned, explained the shortfall in what NNPC remits to the Federation Account, noting that its allegation was based on the disclosure made to it by the DPR.

A governor, who was privy to some of the exchanges between the NNPC, the DPR, the Minister for Finance, Kemi Adeosun, and the Presidency on the issue, said like the DPR, the governors had evidence to prove that NNPC was under-reporting.

THISDAY, July 15, 2018

 

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