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The House of Representatives’ Finance Committee,has chided the Petroleum Products Pricing Regulatory Agency (PPPRA) for its failure to provide appropriate figures on its daily output of Premium Motor Spirit (PMS) and other petroleum products in Nigeria
Chairman of the Committee, James Faleke and other members maintained that there are discrepancies in the records presented vis-a-vis revenues due to the government was incoherent.
The Committee chairman also asked the agency to reappear to to give further clarification on the discrepancies discovered in their documents.
The PPPRA Assistant General Manager (AGM), Corporate Services, Kimshi Apollo could not give clear answers to some of the questions asked by the lawmakers during the session.
The chairman of the Finance Committee disclosed that the documents submitted by the agency showing that the daily output of PMS and other products has been the same from 2018 to 2019.
The lawmakers also observed that the daily consumption of PMS was put at 48 million litres within the period in view, while Automotive Gas Oil (AGO) was put at 10.5 million litres per day.
But in another document the agency claimed that, it discharges 59.90 million litres daily in January 2019, 55.04 million in February and 55.66 million litres in March.
It further indicated that, the supply jumped to 60.27 million litres in January 2020 then 60.56 million litres in February and down to 56.07 million litres in March 2020.
The supply further increased to 61.92 litres per day in January 2021 and down to 58.09 million litres in January and moved up to 66.64 million litres in March 2021.
Faleke also noted that the agency provided conflicting records on the daily discharge and consumption of petroleum products in the country.
He said: “The records presented have contradictions that cannot be ignored.Tell us that the documents are not correct so that we can move forward. So, the data you gave us yesterday which says 52 million per day was wrong, so your Naira figure too will be wrong.
“We are working on this foundation, upon which we will develop and work with tomorrow,” he said.
Apollo,in his response,said his agency’s brought the constant figure of 48 million litres based on what transpired earlier on Monday regarding the average daily consumption by the Department of Petroleum Resources (DPR).
The committee chairman directed PPPRA to produce the records of all the daily output of petroleum products as well as the revenue remittances to the federal government unfailingly.
He also demanded from the Financial Reporting Council, the Accountant General Office as well as the Nigeria National Petroleum Corporation (NNPC) to scrutinize the records and reappear on Thursday.
“It was interesting to note that after submitting their data it is assumed they got to find out that figures in their records were doctored and ambiguous. So we are giving them till tomorrow to come back”, he added.
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