It’s Official: Nigeria Has No Authentic Data On Petrol Consumption.

National News single post

A NIPCO filling station used to illustrate the story on authentic data

  •  Nigeria is Africa’s largest oil producer, it is also one of the continent’s largest importer of refined petroleum products.despite being a net importer of refined petroleum products, including petrol, no Nigerian government agency has the authentic data on the daily petrol consumption in the country, the National Bureau of Statistics (NBS) has declared.

    The Statistician General of the Federation, Yemi Kale,all data currently in circulation in the media and some government agencies were either outdated or guesstimates.

    Mr Kale, who spoke on Friday in Abuja through his technical assistant, Esiri Ojo, during a telephone interview with our reporter, said these estimated data cannot be relied upon for planning or policy decisions.

    “At the moment we (NBS) do not have any reliable data on fuel consumption yet. We are working on a survey that would provide the information for the sector. Every other figure you hear being carried about by various agencies, and even the media, are just guesstimates,” Mr Ojo said.

    The NBS is Nigeria’s central repository of all data and statistics on all activities in all sectors of the country’s economy.

    The spokesperson of state-owned oil company, the Nigerian National Petroleum Corporation (NNPC), Ndu Ughamadu, also confirmed the country was yet to have reliable fuel consumption data.

    “The NNPC has no confirmed data or statistics on fuel consumption in the country. The corporation relies on figures provided by PPPRA (Petroleum Products Pricing Regulatory Agency).

    NBS DATA DIFFERS FROM NNPC’S

    The NBS’ latest petroleum products consumption statistics is November 2016. In the publication, the agency said about 12.66 billion litres of petrol was consumed in the country between January and September of the year.

    The number of days between January 1, 2016 and September 30, 2016 were 273, or eight months and 29 days. The Bureau said the figure translated to about 51.87 million litres per day.

    But, the figure is higher than the petrol consumption data published by NNPC in its annual statistics bulletin on its website.

    The publication showed about 17.41 billion litres, or 47.6 million litres per day of petrol was distributed in 2016.

    NBS SURVEY UNDERWAY

    A fortnight ago, Mr Kachikwu also said the under-recovery cost had risen to about N1.4 trillion per annum, an indication that the petroleum resources ministry may have based the petrol consumption level at NNPC projection of 65 million litres per day.

    Although the minster later withdrew the the statement on the figures, he said the Ministry of Petroleum Resources was working with some agencies to produce an authentic figure that would soon be made public.

    Mr Kachikwu may have made a veiled reference to the survey the NBS said it was currently working on in collaboration the Ministry of Petroleum Resources, NNPC, PPPRA and Petroleum Equalisation Fund to produce an authentic data on fuel consumption in the country.

    Mr Ojo said the survey would involve household and industrial players in the economy, to provide accurate and authentic figures of fuel consumption going forward.

    “Since fuel is consumed by industries and households, the survey will involve interviews with households and industry operators as well as petroleum products depot owners across the country.

     

     

Source : IWN Online Editor

Read More : News, Business, Sports, Technology, Lifestyle & Culture, IWN TV, Opinion

You might be interested in:

Have something to say?

LEAVE A COMMENT 0 comments

Comments that are judged to be defamatory, abusive or in bad taste are not acceptable and contributors who consistently fall below certain criteria will be permanently blacklisted.Comments must be concise and to be point.The moderator will not enter into debate with individual contributor and the moderator's decision is final.The comment facility will be removed after 48 hours.

You must Login or Register to make a comment.

All Comments

    No comment to display.

More news