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Nairaland Forum / Nairaland / General / Politics / House Moves To Probe Lingering Fuel Scarcity (361 Views)
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House Moves To Probe Lingering Fuel Scarcity by alberson(f): 7:28pm On Dec 09, 2015 |
The House of Representatives has wielded in into
the lingering petroleum crisis as it has on
Wednesday, December 9, asked its Committee on
Petroleum Resources, Upstream and Downstream to
probe the continued scarcity of the product in the
country.
The House intervention came on the heel of a
motion moved by Omoregie Ogbeide-Ihama (PDP-
Edo) which got the nod of the members of the
House.
Ogbeide-Ihana explained that Nigerians were passing
through difficult time getting the product. He added
that the cause of this problem is absent of a
functional refineries to serve local demand,
Vanguard reports.
“This is responsible for the dependence on imported
products, hence the regular fuel crisis in the country
which is causing untold hardship to Nigerians,’’ the
lawmaker said. According to him, the Kaduna, Port
Harcourt and Warri refining and petrochemical
companies were reported by the Nigerian National
Petroleum Corporation (NNPC) to have incurred debts
amounting to about N120. 07 billion in August and
September.
“While their revenue in August was N146.617billion,
their expenditure was N207.287 billion; in September,
the revenue generated by the refineries was N112.514
billion and expenditure was pegged at N171.914
billion,’’
“The capacity utilisation of Warri and Kaduna refineries
in September was said to be zero per cent as both
plants did not process crude in that month.
“The Port Harcourt Refining Company was reported to
have produced at 4.15 per cent capacity which is a far
cry from its installed capacity .’’
Nnamdi Agbo (PDP-Enugu) also called on the
federal government to deregulate the oil and gas
sector.
Sergius Oseasochie (APC-Edo) advocated that the
refineries should be handed over to competent and
reliable companies to handle on behalf of the
government.
In his contribution, Hassan Saleh (PDP-Benue)
expressed worry that none of the companies issued
licenses to establish refineries in the country had
done something in that regard.
Also contributing on the debate on the motion, the
majority leader of the House, Femi Gbajabiamila
(APC-Lagos) said that it was unfortunate that there
is no explanation forthcoming on why the refineries
had failed to function.
Gbajabiamila wondered why refineries in other
climes work while that of Nigeria failed to work. He
caution against the idea of removing subsidy of
petroleum product now as it will have adverse effect
on the generality of the people.
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Re: House Moves To Probe Lingering Fuel Scarcity by Nobody: 7:32pm On Dec 09, 2015 |
I'm hungry |
Re: House Moves To Probe Lingering Fuel Scarcity by Nobody: 7:41pm On Dec 09, 2015 |
can u emerging thistype of phinominalsyndrokolomental end time gathering |
Re: House Moves To Probe Lingering Fuel Scarcity by Nobody: 7:47pm On Dec 09, 2015 |
When are they gonna probe Nigerians for been Nigerians? PROBE PROBE PROBE, AS IF THEIR NUMEROUS PAST PROBES AMOUNTED TO ANYTHING WORTHY. |
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