Elliot2:
let's just pray that d device bring d desired change. good thing is,a naija man is behind d tech.

tiwiex:

The device name sef is suspect. Technology something something and its new in the market. Lol. No way to verify since it's new. They covered that track already. PDP was better at this stuff. By the way, how CRM software go monitor fuel? CRM na customer management na.

olaolaking:
It is obvious you didn't pass your WAYEC

BigSarah:
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

FarahAideed:
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 ?

Omooba77:
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/

Princess4ng:


lets pray to continue hearing the good thing the device will do........ in the next 2 months... we wont hear about it again..... SMH

Elliot2:
if dis device is my nigga's,then i trust his sincerity.

GSA01:
The innovation in this Government to block all sharp practices is unprecedented, at least this will checkmate marketers that tend to divert fuel from one unknown location to another, Kudos to the acting President..

maoolakanm:
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.

deomelo:



Well said.

I appreciate the innovation, but it's a little bit too late especially considering the fact that with Dangote refinery coming on line in less than 2 years and satisfying all our fuel need.

FarahAideed:
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 ?