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With our technology, you will not experience this accounting mess:
The Comptroller-General of Nigeria Customs Service, Col. Hameed Ali (retd.), has stated that the Nigerian National Petroleum Company Limited (formerly Nigerian National Petroleum Corporation) cannot justify the volume of Premium Motor Spirit (petrol) being consumed in the country daily to warrant the over N6.34tn subsidy payment on the commodity annually.
Ali, in his presentation to the House of Representatives’ Committee on Finance at the continued hearing on the proposed 2023-2025 Medium Term Expenditure Framework and Fiscal Strategy Paper in Abuja on Thursday, argued that the NNPC cannot scientifically prove the 98 million litres/day consumption it was claiming, alleging that the nation’s oil company was supplying an excess of 38 million litres of PMS daily.
The committee had asked Ali about the like deficit of between N11tn and 12tn in the 2023 budget as proposed in the 2023-2025 MTEF/FSP.
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The CG of Customs is questioning how our mysterious NNPC keeps supplying 98 million litres daily, when the average consumption is reportedly 60 million litres, so about 38 million litres are still up in the sky, then consider the fact that some tankers sleep on the road, but somehow – close to 100 million litres are daily distributed and smuggled. Our good for nothing Finance minister is also heading Budget and National Planning, she epitomizes everything wrong with Buhari and this inept regime.
Some things insult intelligence to a dizzying level, but once you ask simple questions, the cretins and ethically challenged creatures see you as the enemy of the state. This regime has abused our sensibilities beyond recognition, but their likes are still holding torch for them, because mediocrity is the creed.
World of wonders!