NNPC: Subsidy Removal to Reduce Petrol Consumption By 30% Emmanuel Addeh in Abuja The Nigerian National Petroleum Company Limited (NNPC) has disclosed that with the subsidy removal policy now being fully implemented, the volume of petrol consumed daily in Nigeria may drop by 30 per cent.
The country has a history of unreliable fuel consumption data, even as the current figure is estimated to be currently between 66 million litres per day and 70 million litres per day. It is believed that many of the imported product is smuggled out of the country. Speaking on a live television
programme, the Group Chief Executive Officer of the national oil company, Mallam Mele Kyari, admitted that Nigeria has no accurate data on fuel consumption, adding however, that the country knows the actual volume evacuated from the depots. “I don't think there is any
credible data on consumption, but there is credible data on evacuation from the depots. They are very distinct. So every truck that leaves the depots in this country is known - the truck number, the driver, and the destination of that product are known.
“We have numbers around this and those numbers are what we assume is our consumption. But we know that this may not be our consumption figure because we know that petroleum products are smuggled across the country,” he stated. Kyari admitted that not all the
petrol imported into Nigeria is consumed within the country, stressing that the arbitrage situation caused by the subsidy regime was to blame for the anomaly. “We're actually subsidising everybody else in West Africa,” he added. Continued on page 5
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Tinubu Weighs in on N'Assembly Leadership Controversy… Page 5
Zamfara Gov Gives Matawalle Five-day Ultimatum to Return Missing Bulletproof Cars Onuminya Innocent in Sokoto
Governor Dauda Lawal of Zamfara State has given his
predecessor, Bello Matawalle, an ultimatum of five days to return vehicles allegedly taken away by officials of his administration.
The governor gave the ultimatum in a statement issued yesterday on his behalf by his spokesman, Sulaiman Bala Idris.
He gave the details of the alleged missing vehicles, while vowing to recover looted funds and properties of the state
government. “The mischievous statement is only aimed at distracting us from doing the work that
positively touches the lives of the people. Our time is
Continued on page 5
NLC Divided as North, South-west Chapters May Shun Planned Strike APC accuses union of working for Labour Party Atiku knocks Tinubu, says PDP would have provided palliatives first Akume, Gbajabiamila, Hadejia: Profiles in Leadership...Story on page 6
Chuks Okocha, Onyebuchi Ezigbo in Abuja and Segun Awofadeji in Bauchi
The planned industrial action scheduled for Wednesday by the Nigeria Labour Congress (NLC) has experienced a setback as the union appears divided with the South-west and northern states’ chapters pulling out of the proposed action, THISDAY has learnt. This is as one of the spokespersons of the All Progressives Congress (APC), Bayo Onanuga, has accused the President of NLC, Joe Ajaero, of working for the Labour Party (LP) and attempting to destabilise the newly inaugurated government with the planned strike. THISDAY gathered last night that following the alleged politicisation of the planned action that was scheduled in protest Continued on page 5
Akume
Gbajabiamila
Hadejia