The Nigeria National Petroleum Corporation, NNPC, has explained why it pays ‘subsidy’ on petrol without appropriation from the National Assembly.

Managing Director of the Petroleum Products Marketing Company, PPMC, an NNPC arm, Umar Ajiya, said the NNPC Act is a law on its own which the corporation implements with or without the National Assembly.

Ajiya told Channels Television on Friday that the NNPC has the right to run its finances independently.

He admitted that the corporation has been paying N26 due to differentials in land landing cost and approved selling price but declined to tag it subsidy.

“For us, it’s not a question of subsidy, we don’t know about subsidy. It was not budgeted for but the act establishing us, the National Assembly knows clearly that in that same act, there is a provision that we can run our operation and recover our cost fully.

“There is a difference between the landing cost and the price we are selling but what we are saying is that is part of our core structure.

“The NNPC act is a law on itself and the National Assembly is the one responsible for enacting laws, so, if there is any remedy or solution; as one of the senators, the issue is look into the Act establishing these entities; NNPC,CBN etc.”

The PPMC boss attributed the recent fuel queues to poor transportation system in the country, which has hampered smooth circulation of products, and dubious purchase in major cities.

He said, “For the last one week, there is no blessed day that trucks do not fall off the road between Jebba and Mokwa and this is the link way where these products are brought from the depot especially from the south to the north, especially Abuja.

“We had to mobilise to do palliative repairs and pull off the trucks to ensure that trucks move. On top of that, the channels from which we transport these products from the ships offshore Lagos to Warri was blocked by another vessel. We equally have to mobilise together with the owner of the vessel to try to remove that ship. That channel has not been dredged for a long time.

“Two, there is an issue of capacity to regulate effectively the price cap. DPR is trying its best but what is happening is that in the major cities of this country where you have the major marketers, and also the mega stations of NNPC, people get the fuel for N145 but when you go to the outskirts of the city, it is sold beyond that price and as such, motorists come into the city early morning to queue up and late in the evening, refuel their gas and go back. It reached a stage that the taxi drivers have now found a very lucrative job of buying the fuel in the city and going back to the outskirts to sell at high price.”

He was, however, quick to add that these problems were inherited from previous administrations.

“These are consequences of inherited state of infrastructure we are living with. The administration also inherited an empty treasury. So, we couldn’t overnight repair all these roads.”


http://dailypost.ng/2018/01/19/pay-subsidy-without-national-assemblys-permission-nnpc/

"Why We" . Is that the new slogan in this fulani government?

Buhari govt is full of cut and join

I've been on d watch out for this explanation. Oya, Saraki n NASS, waiting for ur rejoinder!



Foolish excuse for d present scarcity sha! Incompetent buffoons on PMS issues, from pmb to kachikwu to baru!

Idiots

These Buhari people are worse than you can ever imagine ..so NNPC funds are no longer accountable to anyone ..Yet this same govt rubbished the previous govt over this same subsidy payments ..This is sad

The hypocrites have been paying subsidy through the back door afterall

This is an illegality no matter the coloration and excuses given.

The PPMC boss attributed the recent fuel queues to poor transportation system in the country, which has hampered smooth circulation of products, and dubious purchase in major cities.

He said, “For the last one week, there is no blessed day that trucks do not fall off the road between Jebba and Mokwa and this is the link way where these products are brought from the depot especially from the south to the north, especially Abuja.

“We had to mobilise to do palliative repairs and pull off the trucks to ensure that trucks move. On top of that, the channels from which we transport these products from the ships offshore Lagos to Warri was blocked by another vessel. We equally have to mobilise together with the owner of the vessel to try to remove that ship. That channel has not been dredged for a long time.

This blame game is nauseating. These guys are Blaming the roads now? Not marketers again?


Abeg, were you guys flying in the fuel to Nigerians before this present fuel scarcity. Mscheeeeeeew!

Which ever way its wrong

Our understanding from 97 per litre is that

Once we can get it at 145 there won't be subsidy anymore ii

Questions begging for answers here because from the understanding of Nigerians the govt had removed any subsidy completely hence the price of 145 per litre , so now that it has been confirmed that the govt is paying 26 naira as subsidy once more (same amount Jonathan was paying as subsidy when crude oil was 100 dollars a barrel) shouldn't the price of petrol go back to 87 naira at the pumps as against the 145 we are still paying..

Criminal crooks from Buhari to the least in this accursed government violating the sovereignty of our constitution.
.Subsidy they all said is a fraud is what they are justifying with shithole reason.
Karma catch up with these people.Waiting for Tinubu cum zombies to go protest in Ojota.

Na wah

Buhari is blaming Jonathan

These ones are blaming Seun.


I too blame Seun

I didn't read the post..but Going back to sleep about your alarm goes off is a very dangerous move..

The looting continues for Buhari and his fourth thieves

okay

the same subsidy that dey almost killed jona for

I tire for this country

Will you keep kwayet. Who ask you to do that ? Bubu ? Or ya call him now that the whole country is in a mess and he shd resign now

Buhari and his criminality...

They know the figures will eventually add up to incriminate them and exonerate the past administration on the subject of subsidy, hence they resort to illegality. What they don't know is that they can't escape retribution. Lies can can take you there, they won't keep you there. I wait to see how many more lies, apc has in its kitty.

Solid ground for impeachment. But not in a shi.. T-hole country.

Na them be ds

let's enjoy the change

Wailers are not happy with the intervention. They would have want the situation to be worst than this, so that they can have opportunity to condemn the govt or even push govt to increase the fuel price for masses to suffer the more.
You will wail till 2023, we are beginning to see changes in our foreign reserve, agriculture, railways, roads and our federal government schools across the nation.

Once upon a time, Nigeria had a president that is not impeachable.

All hail king in the North.

OBJ did not do half of what Buhari has done but Okadigbo wanted to impeach him.

Hmm

Government of lies and deceit.

Government that can't accept it fault always looking for who or what to blame.

Government of it own.

Government of "WE WILL", "WE shall" etc.

Government of intimidation.

U can add yours. But why can't we protests like before.

V u curse buhari today

It's corrupt to pay subsidy without approval from the Senate......

This is the most useless and worthless government on the face of the earth

that money is illegal

nwakibie3:
The Nigeria National Petroleum Corporation, NNPC, has explained why it pays ‘subsidy’ on petrol without appropriation from the National Assembly.

Managing Director of the Petroleum Products Marketing Company, PPMC, an NNPC arm, Umar Ajiya, said the NNPC Act is a law on its own which the corporation implements with or without the National Assembly.

Ajiya told Channels Television on Friday that the NNPC has the right to run its finances independently.

He admitted that the corporation has been paying N26 due to differentials in land landing cost and approved selling price but declined to tag it subsidy.

“For us, it’s not a question of subsidy, we don’t know about subsidy. It was not budgeted for but the act establishing us, the National Assembly knows clearly that in that same act, there is a provision that we can run our operation and recover our cost fully.

“There is a difference between the landing cost and the price we are selling but what we are saying is that is part of our core structure.

“The NNPC act is a law on itself and the National Assembly is the one responsible for enacting laws, so, if there is any remedy or solution; as one of the senators, the issue is look into the Act establishing these entities; NNPC,CBN etc.”

The PPMC boss attributed the recent fuel queues to poor transportation system in the country, which has hampered smooth circulation of products, and dubious purchase in major cities.

He said, “For the last one week, there is no blessed day that trucks do not fall off the road between Jebba and Mokwa and this is the link way where these products are brought from the depot especially from the south to the north, especially Abuja.

“We had to mobilise to do palliative repairs and pull off the trucks to ensure that trucks move. On top of that, the channels from which we transport these products from the ships offshore Lagos to Warri was blocked by another vessel. We equally have to mobilise together with the owner of the vessel to try to remove that ship. That channel has not been dredged for a long time.

“Two, there is an issue of capacity to regulate effectively the price cap. DPR is trying its best but what is happening is that in the major cities of this country where you have the major marketers, and also the mega stations of NNPC, people get the fuel for N145 but when you go to the outskirts of the city, it is sold beyond that price and as such, motorists come into the city early morning to queue up and late in the evening, refuel their gas and go back. It reached a stage that the taxi drivers have now found a very lucrative job of buying the fuel in the city and going back to the outskirts to sell at high price.”

He was, however, quick to add that these problems were inherited from previous administrations.

“These are consequences of inherited state of infrastructure we are living with. The administration also inherited an empty treasury. So, we couldn’t overnight repair all these roads.”


http://dailypost.ng/2018/01/19/pay-subsidy-without-national-assemblys-permission-nnpc/

hausa-Fulanis are running this govt

Irregularities everywhere.

“For us, it’s not a question of subsidy, we don’t know about subsidy. It was not budgeted for but the act establishing us, the National Assembly knows clearly that in that same act, there is a provision that we can run our operation and recover our cost fully.

This is preposterous