State governors have alleged an inflation by almost 50 per cent in the Nigeria National Petroleum Corporation (NNPC) figures on petrol consumption and demanded a probe of oil subsidy payments from 2015 till date.

After a meeting with the Vice-President, Yemi Osinbajo, on Wednesday night, the governors told State house correspondents that the NNPC has almost doubled the figure of daily consumption of petrol from 33 or 35 million litres to 60 million litres.

“On the issue of cost recovery otherwise called subsidy, the issue of subsidy resurfaced again after the efforts of Mr. President. Before now the oil was $40 per barrel and now it is about $78 a barrel, so therefore they are depending largely on importation,” the Chairman of the Nigeria Governors Forum and Governor of Zamfara State, Abdulaziz Yari, said.

“Therefore, the cost is higher than what they are selling at the filling station and they need more money. When there was no cost recovery, the NNPC clearly gave us the number of 33 and 35 million liters per day as the consumption of Nigeria.

“But now that with the new regime of cost recovery, NNPC is claiming daily consumption of 60 and 65 million liters per day? Which we rejected and said no.

“So many of our international partners are saying that even if we are feeding Nigeria, Cameroon, Ghana and Niger, we cannot consume more than 35 million liters per day. So we are wondering where the 60 million liters is coming from. We are trying to sort that one out, that one is not yet resolved.

“At the same time, NNPC is making payment on behalf of Nigeria on Cash-call contribution and also the NNPC is making payment of cash call arrears of Nigeria’s contribution. Our main concern is that in 2015, they said about $16.8 billion which is outstanding was not paid by the last administration and they negotiated it down to $5.1 billion according to them.

“What we said specifically is that they should bring to us how much they have paid from 2015 to date and what is outstanding. And we directed they stop payment until the claims are proven and then we can give further directives,” Mr Yari, said

Speaking as chairman of the Governors forum, Mr Yari also informed correspondent that since the NNPC indicated “porous borders” as the reason for the increase in petrol consumption, they have also directed all petrol stations less than 10 kilometres to the nation’s borders be immediately shut by the Department of Petroleum Resources (DPR) until they are recertified.

“We are now taking a very hard decision, that because NNPC said the reason why they were lifting 60 million per day is because our borders are porous, so we have taken the decision that any filling station that is 10 kilometers on the border side should be closed by DPR. And, then we will do recertification according to the needs,” he said.



The chairman also said the governors directed the Minister of Finance to collaborate with the DPR and the NNPC to put tracking devices on every truck in order to monitor fuel discharge.

“Because, we are suspicious of the number, we cannot confirm the difference from 30 million liters per day consumption to 60 and 65 million liter per day consumption. So these are our decisions on the NNPC,” he said.

The governors also demanded that the NNPC must henceforth clearly differentiate its earnings in sales as against taxes before remitting funds to the Federation Account to avoid unexplained shortfalls.

Other governors at the closed-door meeting were Udom Emmanuel of Akwa Ibom, Godwin Obaseki of Edo, Seriake Dickson of Bayelsa , Nasir el-Rufai of Kaduna and Atiku Bagudu of Kebbi states.

The meeting, which ended a few minutes after 8p.m, was also attended by the Minister of Finance, Kemi Adeosun, Minister of Budget and National Planning, Udo Udoma, and a representative of the NNPC Group Managing Director.

https://www.premiumtimesng.com/news/headlines/268848-governors-accuse-nnpc-of-inflating-fuel-subsidy-figures-demand-probe-from-2015.html

BUHARI after 2015 Election had this to say:

“We could tell how much Nigerian crude cost, the cost of transportation from there to the refinery, the cost of refining, the cost of transportation to the pump stations and maybe 5 per cent go for overhead.
I can understand if Nigerians pay for those costs. BUT SOMEBODY IS SAYING HE IS SUBSIDIZING NIGERIANS. WHO IS SUBSIDIZING WHO??” - Buhari (as president-elect)

Well if you are still in doubt as to the felonious heist been perpetrated by this satanic government...There you have it!

Guess who is the minister for petroleum?? Mr Buhari the only man with integrity in Nigeria...God punish devil!!

So you now have an idea where Yusuf got the 56 million for power bike from and Sabiu turning an overnight billionaire..

From the dollar exchange fraud in CBN been supervised by Maman Daura and now subsidy "transmuttedly" been termed "Under recovery" under Mr. integrity jumping from over 200 billion during the last admin. to now well over one(1) trillion naira under MR.integrity...

And yet fuel still sells for 147 naira as against 87 naira when the subsidy was just over 200 billion naira under the last admin..

Nigeria is sinking fast into deepest part of abyss by the day yet the zombies and the BMC keep confusing their mob of gullible sai babarians with all kinds of satanic propaganda just to cover up their heist and keep them in bondage for good...

One week,
ONE TROUBLE

This country matter just weak me.

APC said subsidy was a scam, later they said that they have removed subsidy and today they are arguing on the amount they pay as daily, monthly and annual subsidy. But like the great Lai Mohammed would say "I have never told a lie". The more you see the less you understand.

From changing the word "subsidy" to another term called "price modulation"...they want to try as much as possible to manage this lie until Dangote's Refinery comes up to cover the APC govt's shame cos the state of the Nigerian Refineries is another matter altogether

Naso