HighlightOil & Gas

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

864

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

2027 Election Prep on Track Despite Electoral Act Delays – INEC Chairman Amupitan

In spite of the National Assembly’s delay in passing the amended Electoral...

NRC Alleges Oyo Local Govt Chairman of Vandalizing Railway Assets Worth Millions

The Nigerian Railway Corporation (NRC) has condemned the destruction of multi-million naira...

Counter-Terrorism & Strategy: Why U.S. Special Forces Are in Nigeria – Gen. Anderson

To decisively tackle terrorism in West Africa, the United States has dispatched...

Lagos Assembly Orders Halt to Makoko Demolitions Amid Standoff with Gov. Sanwo-Olu

A major rift has emerged between the Lagos State House of Assembly...

Just In: Terrorism & Arms Charges: DSS Arraigns ex-AGF Malami, Son

Former AGF Abubakar Malami and his son, Abdulazeez, have been remanded in...

“No Deal”: Presidential Claimant Fernando Dias Rejects Guinea-Bissau Junta’s Transition Plan

By Paul Ejime Dr Fernando Dias da Costa, who claimed victory in...

UK Prosecutors Reveal Diezani Spent £140k on Luxury Furniture in One-Day Shopping Spree

As the trial of former Nigerian Petroleum Minister Diezani Alison-Madueke continues in...

“Democracy Forbids It”: Falana Argues Against Court-Martial for Soldiers in Alleged Coup

Mr. Femi Falana (SAN), prominent human rights lawyer, has argued that military...

“I Can Account for My Wealth”: Malami Petitions Court to Vacate Forfeiture Order

Former Attorney General of the Federation and Minister of Justice, Abubakar Malami...

Bonga FPSO Shutdown for Maintenance, Nigeria’s Oil Output to be Affected

Shell Nigeria Exploration and Production Company (SNEPCo) has announced the shutdown of...

Traders Count Losses as Fresh Fire Ravages Kano’s Singa Market

Barely two months after a crippling fire outbreak, Singa Market in Kano...

Tragedy in Abuja: Rising Music Star Ifunanya Dies After Snake Bite

A bright light in Nigeria’s music scene has been extinguished. Ifunanya Nwangene,...

Ademola Lookman Set to Join Atlético Madrid in €40m Deal

Nigerian forward Ademola Lookman is poised to join Atlético Madrid in a...

Ogun Gov. Abiodun to Unveil State-Owned DisCo, New World Bank-Power Projects, Mini-grids

Ogun State is gearing up for a major power boost with the...

NNPCL Unveils Ambitious Gas Master Plan 2026 to Boost Economic Growth

Nigeria has taken a significant step towards harnessing its vast gas reserves...

Nigeria’s Gas Flaring Hits 203.9bn scf in 2025 – NUPRC

Despite achieving over 92% gas utilisation, Nigeria flared a staggering 203.9 billion...

Kano Secures ₦1trn Rail Project After Governor’s High-Profile Defection to APC

Barely 48 hours after joining the ruling All Progressives Congress (APC), Kano...

Emefiele’s Trial: Ex-CBN Director Admits to $2.5m ‘Gift’ Linked to $6.2m Election Logistics Fund

Bashirudeen Maishanu, a former Deputy Director of Banking Supervision at the Central...

“Selective Payouts”: Dozens of ‘Concerned’ Lawyers Demonstrate at Finance Ministry, Abuja

Lawyers representing the Concerned Lawyers for Probity and Justice protested at the...

Historic Milestone: Sarah Mullally Confirmed As First Female Archbishop of Canterbury

History was formally etched into the foundations of the Church of England...