The Department of Petroleum Resources DPR in February 2020 told Nigerians that our Pms consumption was 38.2 million liters per day.
The Nigerian National Petroleum Corporation NNPC in June 2021 announced that the PMS daily consumption risen to 103m liters. That is 64.8 million increase per day. That is 170% increase and they blamed smuggling for this numbers.
The NNPC also informed Nigerians that it currently spends N120 billion daily as subsidy on the 103 million litres of Premium Motor Spirit consumed across the country everyday. This figures do not add up to the landing cost of petroleum.
June 2021 Mele Kyari, group managing director (GMD) of the Nigerian National Petroleum Corporation (NNPC), said the cost of premium motor spirit (PMS), better known as petrol, should be N256 per litre at filling stations. Meaning we are now paying as much as N90-94 per litre as subsidy.
This means we many be apaying as much as N94 x 103,000,000 per day ~ N290.4 billion per month if we use decide to believe the lies of The GMD of NNPC.
Remember the figures of our subsidy payment is shrouded in secrecy.
Buhari the Petroleum Minister said recently that the activities of the smugglers led to the recent abnormal surge in the evacuation of petrol from less than 39 million litres per day to more than 102 million litres per day, which was in sharp contrast with established national consumption pattern.
64.8 million liters added per day is. 64, 000, 000X 365= 23.3 billion liters per year that would be lost to smugglers according to The Petroleum Minister.
38 million liters to 103m liters per day is 170% increase.
1. Benin has a population of
12.46 million in 2021
2. Niger has a population of
25.1 million in 2021
3. Chad has a population of
16.92 million in 2021
4. Togo has a population of
8.45 million in 2021
5. Cameroon has a population
27.25 million in 2021
6. Ghana has a population
31.7 million in 2021
7. Cote d ivoire has a population
27 million in 2021
That is a total of 148.88 million
Nigeria has a population of 211.6 million
We were told we use 38.2 million Liters day by DPR and NNPC told us the figure increased due to smuggling in just a year.
That means: 1 person in Nigeria consumes about 0.18 liters /day , and we now We have 64.8 million liters deficit per day is that not suicide ?
If 1 person consumes 0.18 liters/ day
149 million people will consume only 26.82 million litres/day in those 7 west African Nations using Nigeria’s figures to determine their own usage. We all know the Nigerian figures is fictional and already inflated.
Adding Nigeria figures to The 7 west African nations surrounding Nigeria will amount to 38 million + 27 million liters = 65 million liters. This means 38 million liters is no where to be found this and we all know that it is practically impossible for these west African nation to depend on smugglers for their PMS supplies. It is safe to say at least 64 million liters is stolen by some actors within amounting N497.6 billion every month.
Please NOTE that NNPC does about 90-98% of Nigeria’s PMS importation.
Is Buhari telling us 64.8 million litres of PMS is smuggled out of Nigeria daily or 1963 trucks and he is the president and can’t salvage the situation?
Are we saying the aforementioned countries depends 100% on our fuel import.
NNPC figures are fictitious and it cannot stand any scrutiny.
I restate Nigeria is a Crime Scene which should be cordoned off.