NEITI TO UNDERTAKE STUDY TO ASCERTAIN ACTUAL VOLUME OF FUEL CONSUMPTION IN NIGERIA AND UTILISATION OF 13% DERIVATION.

REPORT BY ANTHONY EBIGIE.

The Nigeria Extractive Industries Transparency Initiative, NEITI Has Disclosed Plans To Undertake Studies That Will Ascertain The Actual Volume Of Fuel Consumption In Nigeria, Including One Other Study Area Which Aims To Establish Transparency In The Utilization Of 13% Derivation By Host Communities In The Oil Producing Areas Of The Niger Delta States, In The South South Region Of Nigeria.

Executive Secretary, NEITI, Orji Ogbonnaya Orji Gave The Disclosure On Tuesday, During A Zoom Stakeholders Dialogue Meeting Between NEITI And Civil Society Groups, Including Members Of The Media Community Covering The Energy Sector In Nigeria.

Orji While Giving Further Details On The Planned Study, Said Currently, There are No Available Data To Actually Establish How The 13% Derivation For Host Communities is Utilised In The Interest Of The People, Noting That The Study Seeks To Establish, Whether The Benefitting States Are Actually Getting The Real Percentage Granted By Law, While Also Seeking To Establish, Whether The Federal Government On It’s Part, Is Giving The States, What They Should Be Getting.

Orji Ogbonna Orji, Who Acknowledged Likely Push Back From Interest Groups, Who May Not Buy Into The Idea Of The Planned Study To Ascertain The True Volume Of Premium Motor Spirit Consumed In Nigeria, Noted That The Nigeria Extractive Industries Transparency Initiative Remains Undeterred In It’s Quest To Ensure Transparency And Accountability, In The Nation’s Oil And Gas Sector .

While Speaking On The Purpose Of The Dialogue With Civil Society Groups, The Executive Secretary, Said The Idea, Is To Abreast The Various CSO’s With Development On The Implementation Of The EITI Forecast Report On Ensuring Transparency And Accountability In The Extractive Industries, Among Member Countries Within The Global Space, Ogbonna Orji Who Also Gave Developments In Government, During His Remarks, Said The Nigeria Extractive Industries Transparency Initiative, Made Inputs In The Handover Notes To President Bola Tinubu, Where Some Key Policy Advisories, Which Include Cost Of Fuel Subsidy, The Way Forward For The Nation’s Oil And Gas Sector , Amongst Other Policy Advisories Were Handed To The New Administration, Through The Office Of The Secretary To The Federation, And That Of The Office Of The Senate President.

The Two Day Dialogue Comes To A Close Wednesday, August 16th, Under The Topic: Multi Stakeholders’ Roundtable.