Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari has revealed that the corporation does not know Nigeria’s daily fuel consumption.
He said while they know the amount of oil lifted at depots on a daily basis, they can’t ascertain the daily consumption.
Kyari was speaking at an interactive hearing on “Exiting Petroleum Subsidy: Ensuring Self – Sufficiency in Domestic Refining of Petroleum Products”.
The event was organised by the Joint Senate Committee on Petroleum Resources (Upstream and Downstream), on Tuesday evening.
The NNPC had placed the daily consumption of petrol in Nigeria. This was based on product evacuation record at the depot, which was set at 54 million litres daily.
Kyari said at the session. He said; “We don’t know how much petroleum we consume daily in this country but we know how much of the product that is taken out of our depot.
“This year, around 54 million litres of petroleum product are evacuated from the depot daily but the consumption is somewhere below that.
“NNPC has no knowledge of the amount of the product that are transported through Nigeria’s borders to neighbouring countries.
“It is impossible to know, nobody declares it, and therefore as it crosses, it goes.”
“There are open borders across the West African sub-region.
“It is impossible to stop cross border supply of products. No amount of policing or control that anyone can put in place can stop that.”
He said the best solution to these problems is for the nation to walk away from subsidy.
“The best thing to do is to walk away from subsidy so that we can have stability.”