The chairman of the House of Representatives special ad hoc committee on fuel consumption, Uzoma Nkem Abonta, has said without knowing the volumes of fuel consumption in the country, it will be difficult to determine whether to remove subsidies or not.
Speaking in Calabar, capital of Cross River State, when the committee visited different oil depots to take data, Abonta said if it is gotten right, the House would be in a better position to properly place the issue of subsidy right.
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The committee visited the state to compare data on how much fuel had been consumed with the subsidy paid by the federal government.
The committee took time to visit fuel depots in Calabar and environs, comparing data month by month and year by year.
According to him, they also wanted to find out the quantity of petroleum products consumed in the state.
Speaking on the impact of the visit on consumers, he explained that subsidy has bedevilled the country for a while, adding that you just cannot calculate subsidy.
Abonta said: “The overall essence of our visit is to carry out a comparative and competitive data analysis from all depot’s month on month, year on year, placing them side by side with subsidies paid by the federal government.
“We want to ascertain the volumes of products being consumed daily in the state so that the House can use it as an indicator to analyze other related issues.”
Responding on if the country would continue with subsidy or not, he noted that the matter is still under discussion, hence their visit to find out the actuals, adding that reports from the Nigerian Customs Service stated that the petroleum products get into our neighbouring countries.
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