{"id":90444,"date":"2023-06-21T11:11:34","date_gmt":"2023-06-21T10:11:34","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/subsidy-removal-neiti-to-probe-controversial-66-8m-litres-daily-fuel-consumption-figure"},"modified":"2023-06-21T13:31:05","modified_gmt":"2023-06-21T12:31:05","slug":"subsidy-removal-neiti-to-probe-controversial-66-8m-litres-daily-fuel-consumption-figure","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/subsidy-removal-neiti-to-probe-controversial-66-8m-litres-daily-fuel-consumption-figure","title":{"rendered":"Subsidy removal: NEITI to probe controversial 66.8m litres daily fuel consumption figure"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>The Nigeria Extractive Industries Transparency Initiative, NEITI, has stated that it has begun steps to probe the consumption volume of Premium Motor Spirit, popularly known as petrol, in Nigeria amid the hardship of fuel subsidy removal.<\/p>\n

The Executive Secretary, NEITI, Ogbonnaya Orji, disclosed this in Abuja on Tuesday while speaking to journalists on the sidelines of the Stakeholders Validation Workshop on the 2022 Annual Progress Report for Nigeria\u2019s Extractive Industries.<\/p>\n

He said the purported daily fuel consumption may be less than presented.<\/p>\n

\u201cWe believe that the figures being thrown up as daily consumption of PMS in Nigeria is incorrect. We need an empirical figure, so NEITI is commissioning a study on the actual PMS consumption in Nigeria.<\/p>\n

\u201cWe have every reason to believe that the figure may be less than what is being projected, and the removal of subsidy has also removed all the incentives for hiking this figure in a manner that lacks empirical and logical reason,\u201d he said.<\/p>\n

DAILY POST learnt that Nigeria\u2019s daily fuel consumption had been controversial. However, in September last year, the Nigerian Midstream and Downstream Petroleum Regulatory Authority insisted that the country consumes 66.8 million litres of petrol daily.<\/p>\n

Recall that upon the emergence of President Bola Ahmed Tinubu, he declared the removal of fuel subsidy removal. The announcement led to an upward adjustment of petrol pump prices from N195 per litre to over N577 per litre.<\/p>\n

For More News And Analysis About Nigeria<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. The Nigeria Extractive Industries Transparency Initiative, NEITI, has stated that it has begun steps to probe the consumption volume of Premium Motor Spirit, popularly known as petrol, in Nigeria amid the hardship of fuel subsidy removal. The Executive Secretary, NEITI, Ogbonnaya Orji, disclosed this in Abuja on Tuesday while speaking to journalists […]<\/p>\n","protected":false},"author":84,"featured_media":90443,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[1570,2140,772,416,254,6006],"class_list":["post-90444","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-nigeria-2","tag-fuel","tag-neiti","tag-nigeria","tag-subsidy-removal"],"yoast_head":"\nSubsidy removal: NEITI to probe controversial 66.8m litres daily fuel consumption figure - Nigeria<\/title>\n<meta name=\"description\" content=\"The Nigeria Extractive Industries Transparency Initiative, NEITI, has stated that it has begun steps to probe the consum ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/economy\/subsidy-removal-neiti-to-probe-controversial-66-8m-litres-daily-fuel-consumption-figure\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Subsidy removal: NEITI to probe controversial 66.8m litres daily fuel consumption figure\" \/>\n<meta property=\"og:description\" content=\"The Nigeria Extractive Industries Transparency Initiative, NEITI, has stated that it has begun steps to probe the consum ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/subsidy-removal-neiti-to-probe-controversial-66-8m-litres-daily-fuel-consumption-figure\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-21T10:11:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-21T12:31:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/06\/sm_1687334384.181072.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1728\" \/>\n\t<meta property=\"og:image:height\" content=\"1150\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/subsidy-removal-neiti-to-probe-controversial-66-8m-litres-daily-fuel-consumption-figure#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/subsidy-removal-neiti-to-probe-controversial-66-8m-litres-daily-fuel-consumption-figure\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Subsidy removal: NEITI to probe controversial 66.8m litres daily fuel consumption figure\",\"datePublished\":\"2023-06-21T10:11:34+00:00\",\"dateModified\":\"2023-06-21T12:31:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/subsidy-removal-neiti-to-probe-controversial-66-8m-litres-daily-fuel-consumption-figure\"},\"wordCount\":257,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/subsidy-removal-neiti-to-probe-controversial-66-8m-litres-daily-fuel-consumption-figure#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/06\/sm_1687334384.181072.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"fuel\",\"NEITI\",\"Nigeria\",\"Subsidy Removal\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/subsidy-removal-neiti-to-probe-controversial-66-8m-litres-daily-fuel-consumption-figure#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/subsidy-removal-neiti-to-probe-controversial-66-8m-litres-daily-fuel-consumption-figure\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/subsidy-removal-neiti-to-probe-controversial-66-8m-litres-daily-fuel-consumption-figure\",\"name\":\"Subsidy removal: NEITI to probe controversial 66.8m litres daily fuel consumption figure - 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