Adaobi Rhema Oguejiofor
The Nigerian Extractive Industries Transparency Initiative (NEITI) has said that it is set to provide data on the actual volume of petrol consumption in the country, stating that it will start providing baseline information and data on the utilization and management of the 13 percent derivation paid to oil producing states in the nation.
The Executive Secretary of NEITI, Ogbonnaya Orji, while speaking during a consultative forum meeting with the civil society and the media, in Abuja on Tuesday, disclosed that the baseline study is important in order to determine if the states are getting their dues and if the government is paying what they are expected to.
According to him, this development will provide the critical data that is required to monitor how much is being allocated to oil-producing states monthly.
In his own words, “it is a special report we are commissioning this year alongside the oil and gas report. We are also commissioning a study on the actual Premium Motor Spirit (PMS) consumption in Nigeria, an independent report to establish the quantity of fuel Nigeria consumes and its costs, it will be used to manage the sector as subsidy is removed.”