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Nairaland Forum / Nairaland / General / Politics / FG Okays N17bn For Acquisition Of Monitoring Device For Fuel (10271 Views)
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FG Okays N17bn For Acquisition Of Monitoring Device For Fuel by Omooba77: 9:58am On Aug 09, 2018 |
FG Okays N17bn For Acquisition Of Monitoring Device For Fuel | Independent Newspapers Nigeria. Abuja – Controversies over the actual amount of fuel consumed daily by Nigerians, including the huge funds which goes into subsidy payment, have compelled Acting President Yemi Osinbajo to approve the acquisition of a special monitoring technology. About N17 billion was approved for the device which will track the importation and distribution of fuel products within the country. It will among other benefits gauge how many litres of refined products come into the country, whether products are diverted to other locations or not, actual places where products are being diverted to. The technology which is relatively new will be piloted for a period of one year before it will be institutionalised. Ibe Kachikwu, Minister of State for Petroleum Resources, made the disclosure after the Federal Executive Council (FEC) meeting on Wednesday. He said, “Council approved the installation of technology monitoring schemes and structures under Petroleum Equalisation Fund (PEF) for total sum of N17 billion. “It is for the automated fuel system management and censor network. “The narrative is that we have all struggled with this whole subsidy payment and how much is consumed in Nigeria, volumes of products moved out illegally and the whole impact on FAAC accounts. “The president has given a very serious mandate that we ought to rein in on his process. The essence of what PEF is doing is that this will enable us track refined petroleum product movement from the point of LC (letter of credit) opening from the vessels that come into Nigeria, up until the point where they are discharged into tanks in Nigeria, and from the tanks through trucks in Nigeria, monitor the trucks till they deliver the products into the storage tanks for the filling stations and they are discharged and sold. “So, that will produce a 100 percent holistic monitoring of this production. For the first time we will be able to tell how much petroleum products we consume in this country. “Because there has been so much going on in terms of the movement of consumption numbers from thirty something million litres a day to 70 million litres to 18 million litres a day during the difficult times. https://independent.ng/fg-okays-n17bn-for-acquisition-of-monitoring-device-for-fuel/ 1 Like |
Re: FG Okays N17bn For Acquisition Of Monitoring Device For Fuel by FarahAideed: 10:02am On Aug 09, 2018 |
Just imagine ..they say they are not paying subsidy but yet they want to buy a technology for 17 billion Naira to help in subsidy payments .... are these people not mad ? 36 Likes 3 Shares |
Re: FG Okays N17bn For Acquisition Of Monitoring Device For Fuel by Omooba77: 10:33am On Aug 09, 2018 |
FarahAideed: Lies and propaganda no be here in this dispensation. 21 Likes 2 Shares |
Re: FG Okays N17bn For Acquisition Of Monitoring Device For Fuel by ccSHOP: 10:38am On Aug 09, 2018 |
Wakanda device is this? Buhari is looking for election funds! What happened to Microsoft Excel? Buy my premium sport Earphones. Its a great device for its price!!! 6 Likes
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Re: FG Okays N17bn For Acquisition Of Monitoring Device For Fuel by GlorifiedTunde(m): 10:38am On Aug 09, 2018 |
Great! 1 Like 1 Share |
Re: FG Okays N17bn For Acquisition Of Monitoring Device For Fuel by Authoreety: 10:39am On Aug 09, 2018 |
Interesting! I dont fink anything like ds can work in nigeria! 1 Like |
Re: FG Okays N17bn For Acquisition Of Monitoring Device For Fuel by tofolo(m): 10:39am On Aug 09, 2018 |
Nigeria I hail... when the world is looking for other sources of fuel we are busy spending billions for petrol 5 Likes |
Re: FG Okays N17bn For Acquisition Of Monitoring Device For Fuel by obailala(m): 10:39am On Aug 09, 2018 |
FarahAideed:You have very unique comprehension skills 8 Likes |
Re: FG Okays N17bn For Acquisition Of Monitoring Device For Fuel by BigSarah(f): 10:39am On Aug 09, 2018 |
This government will never run out of format See as Fulani Don cash out 17bn I swear no bigger mugu than south, I weep for 2019 and beyond 17 Likes 2 Shares |
Re: FG Okays N17bn For Acquisition Of Monitoring Device For Fuel by Nobody: 10:40am On Aug 09, 2018 |
Anything that Will make the nation move forward is what we want. 3 Likes |
Re: FG Okays N17bn For Acquisition Of Monitoring Device For Fuel by seguno2: 10:40am On Aug 09, 2018 |
FarahAideed: This is Nigeria.......of Buhari and APC.........two fighting corruption. 3 Likes |
Re: FG Okays N17bn For Acquisition Of Monitoring Device For Fuel by goodvision12(m): 10:41am On Aug 09, 2018 |
APC MEANS ALL PARTNERSHIP CRIMINALS 1 Like |
Re: FG Okays N17bn For Acquisition Of Monitoring Device For Fuel by OBAGADAFFI: 10:41am On Aug 09, 2018 |
Awon olodo! After paying billions for undisclosed amount of fuel consumed in the name is Subsidy. They suddenly remember to measure the actual amount of fuel consumed in Nigeria. 1 Like |
Re: FG Okays N17bn For Acquisition Of Monitoring Device For Fuel by Nobody: 10:41am On Aug 09, 2018 |
Some people have just hammered.This is an absolute waste of resources going by the fact that Dangote fuel was being expected by 2019.What will become of such devices when we do not need to import fuel. 5 Likes |
Re: FG Okays N17bn For Acquisition Of Monitoring Device For Fuel by Oyerinde16(m): 10:42am On Aug 09, 2018 |
FROM D MENTION ALONE IT LOOKS A PROJECT IN FUTILITY, FINGERS CROSSED |
Re: FG Okays N17bn For Acquisition Of Monitoring Device For Fuel by Princess4ng(f): 10:42am On Aug 09, 2018 |
Monitoring device oh Abasi mbok... when pensions have not even be paid... 17bn? hmmmmmmmmmmm |
Re: FG Okays N17bn For Acquisition Of Monitoring Device For Fuel by safetyInspector(m): 10:42am On Aug 09, 2018 |
I am wondering if this device will be operated by an Angel? 1 Like |
Re: FG Okays N17bn For Acquisition Of Monitoring Device For Fuel by Yinxies(f): 10:43am On Aug 09, 2018 |
Wetin dem dey monitor I can design a functional website for your business in 3days for just 25k Zero eight zero six six four five two zero six seven |
Re: FG Okays N17bn For Acquisition Of Monitoring Device For Fuel by Cloud007: 10:43am On Aug 09, 2018 |
What happened to tracker for crude oil outflow Awon wereyy |
Re: FG Okays N17bn For Acquisition Of Monitoring Device For Fuel by olaolaking: 10:43am On Aug 09, 2018 |
FarahAideed:It is obvious you didn't pass your WAYEC 1 Like |
Re: FG Okays N17bn For Acquisition Of Monitoring Device For Fuel by Nobody: 10:45am On Aug 09, 2018 |
The things I read that go on in Nigeria sometimes .... A device? Something that some diligent record taking and a CRM database can fulfill with just $2000 yearly subscription? Forget APC Forget Buhari these guys talk to.nigeriams as if you are all f00ls Name the device let Nigerians check the pricing on their website !! SMH 8 Likes 1 Share |
Re: FG Okays N17bn For Acquisition Of Monitoring Device For Fuel by fyneguy: 10:45am On Aug 09, 2018 |
Wow finally! 1 Like |
Re: FG Okays N17bn For Acquisition Of Monitoring Device For Fuel by itiswellandwell: 10:46am On Aug 09, 2018 |
Ohh boy! |
Re: FG Okays N17bn For Acquisition Of Monitoring Device For Fuel by Nobody: 10:47am On Aug 09, 2018 |
Re: FG Okays N17bn For Acquisition Of Monitoring Device For Fuel by Nobody: 10:51am On Aug 09, 2018 |
Princess4ng: Thank you somebody that thinks Device indeed Name the fvckimg device ! This is the job of an ERO or CRM for oil industry Its just simple Install a national crm in all depots around the country let it be online and have a central cloud database simple This is monumental fraud 2 Likes |
Re: FG Okays N17bn For Acquisition Of Monitoring Device For Fuel by RevenGeMission: 10:51am On Aug 09, 2018 |
Becausd there was is no transparency or accountability is why a whole bunker conveying crude oil disappears on Nigerian sea If the monies get spent accordingly , so many people and companies will have lots of problems by then some idiots will still call it witch hunt 1 Like |
Re: FG Okays N17bn For Acquisition Of Monitoring Device For Fuel by adecz: 10:52am On Aug 09, 2018 |
Re: FG Okays N17bn For Acquisition Of Monitoring Device For Fuel by nairaman66(m): 10:52am On Aug 09, 2018 |
17B for a device? Does this device give life?? The Nigerian Government is the new MMM!! |
Re: FG Okays N17bn For Acquisition Of Monitoring Device For Fuel by Nobody: 10:52am On Aug 09, 2018 |
BigSarah: Baby it's sad in deed This is something that a CRM can monitor as long as the data is inputted It's so sad the fraud this APC government is perpetuating and Nigerians are sitting comfy 2 Likes |
Re: FG Okays N17bn For Acquisition Of Monitoring Device For Fuel by Nobody: 10:53am On Aug 09, 2018 |
Omooba77: |
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