HighlightOil & Gas

Lack of trust in NNPC: Governors want states to determine oil subsidy payment henceforth 

214

None of the 36 state governors in Nigeria trust the NNPC “to do what is right”— over subsidy payments any longer.

The Governors want states rather than the Nigerian National Petroleum Corporation (NNPC) to determine how much is paid as subsidy by government.

“You see, we are in the hands of these people (NNPC) and we are trying to be cautious. Not just NNPC, even Nigerians are not helping matters because when there is shortfall in the product, everybody will start making noise. And you will not know why there is shortfall, said Abdelaziz Yari, Zamfara governor.

The governors say individual state will determined the quantity of petroleum product consumed in its territory as a basis for calculating the subsidy to be paid.

“If we start to investigate, these people will create chaos that we will regret and Nigerians will not look at the damage from the base. But rather, they will start accusing government of laxity or not doing what it is supposed to be doing.

“So, it’s not about investigation. It’s about knowing what’s going to happen to future supply.  And this supply, the destination must be set.

“That’s is why we gave the states the responsibility to go back and ascertain the quantity needed by each and every state.”

 The National Economic Council (NEC) led by Vice President Yemi Osinbajo, which is currently in session is expected to endorse the move.

The governors who met Wednesday night on the platform of Nigeria Governors Forum, at their Maitama, Abuja office, are uncomfortable  with the amount Nigeria National Petroleum Corporation (NNPC) is claiming to pay as subsidy as well as the corporation’s stated quantity of local consumption.

With dwindling accruals to states, NNPC has told the governors that it is now paying subsidy on 60 million liters daily consumption up from 33 million liters a few months ago.

Briefing newsmen last night at the end of the NGF meeting which ended at 11:30pm Wednesday night, its chairman and Zamfara state governor, Abdulaziz Yari, said “if states say our demand is 30 million liters, you cannot say you brought 60 million liters for us.

“We are taking every situation carefully so that we don’t endanger the security situation of the country and at same time, we do not play into the hands of the NNPC.”

He said however that the governors will not be pushing for the investigation of NNPC as the move may backfire.

“This is not the first time that a massive drop in trust has been linked to the pressing issue of subsidy, said a governor of the phone.

Leave a comment

Related Articles

Gov. Abiodun Appoints Tunde Onakoya, National Master of Chess, Ogun Sports Ambassador

Tunde Onakoya, the National Master of Chess and the current Guinness World...

World Malaria Day: Why the War against Malaria matters 

By Paul Ejime It is another World Malaria Day (WMD) today, one...

Cause of Tightness in Fuel Supply Resolved – NNPC Ltd.

The Nigerian National Petroleum Company Limited (NNPC Ltd) said on Thursday that...

Sen. Ayogu Eze, one-time Senate spokesman, exits at 65

Senator Ayogu Eze, a former spokesman of the Senate in the 6th...

Nigeria, 15 other countries receive $36.5m funding to combat Trachoma

With Africa ranked as the most affected continent by trachoma, Nigeria and...

Paris 2024: Nigeria Olympians Association Commends Sports Minister, Solicits Synergy

The Executive Board of the Nigerian Olympians Association has lauded the Minister...

Another aviation disaster averted in Lagos – passenger and ex-DG, federal agency

A former director-general of the Bureau of Public Service Reforms (BPSR), Dr....

Another Commissioner quits in Rivers State

The River State Commissioner of Finance, Mr. Isaac Kamalu, has resigned as...

Ex-Gov. Bello’s impudence: Redeploy Kogi CP, State Forum of Concerned Citizens urges IGP

Following the outrage over the resistance to arrest by ex-Gov. Yahaya Bello...

Pres. Tinubu Approves Consumer Credit Scheme Takeoff

President Bola Tinubu has approved the takeoff of the first phase of...

Renewed Wike/Fubara feud: Rivers Attorney-General Adangor resigns again

For the second time in a few months, an ally of FCT...

Dana Air incident: FAAN reopens MMIA runway

Aftermath of Dana airlines overshooting the runway during its landing sequence at...

EFCC to ex-Gov. Bello: We will set aside arrest warrant if you show up in court

“I will personally apply that the arrest warrant be set aside if...

Just in: Again, Dangote further crashes diesel, aviation fuel to N940, N980

Dangote Petroleum Refinery has announced another reduction in diesel and aviation fuel...

Just in: Reps ex-Deputy Speaker Ihedioha quits PDP

The main opposition party, the People’s Democratic Party (PDP), has lost another...

CBN sells fresh dollars to BDCs at N1,021/$ as naira loses steam

The Central Bank of Nigeria (CBN) has issued another circular to Bureau...

Update: Dana Airlines’ Lagos airport incident: Aircraft grounded

The management of Dana Air has confirmed reports that one of its...

NNPC Ltd., joint venture partner, unlock 12,000bpd production from Awoba Unit Field

The Nigerian National Petroleum Company Limited (NNPC Ltd) and its joint venture...

Bullying scandal in Abuja private school stirs condemnation, management reacts

Nigerians have taken to social media over the viral video of a...

Power outages: FG set to unbundle 11 Discos, each state to get its own firm

The Federal Government says it has begun the restructuring and unbundling of...