SENATE SET TO UNEARTH HOW MUCH OIL AND GAS NIGERIA PRODUCES DAILY

The Senate committee on Trade and Industry is to investigate quantity of oil and gas produced daily in Nigeria.

The Senate has moved to carry out a holistic investigation to know the quantity of oil and gas produced daily in Nigeria.

The Senate on Tuesday, March 13, slammed the federal ministry of trade and Industry for not knowing the quality and quantity of crude oil and gas export on daily basis.

The Senate wondered why the processes that was exclusively the responsibility of the federal ministry of trade and industry was left in the hands of expatriates, Daily Post reports.

Senator Fatima Raji-Rasaki (PDP), commenting on the issue said: “I observe that the designation, Procurement, measurement, and calibration of equipment are being handled by expatriates and the equipment used for the measurement are not manufactured I Nigeria.”

The lawmaker insisted that expatriates were responsible for huge loss of revenues in the oil and gas industry as a result of sharp practices as they would not disclose actual weighs and measures.

Similarly, Senator Hope Uzodinma described as shameful, the manner of fraud in the industry even as a monolithic economy to have allowed expatriates to rip off Nigeria’s economy.

He advocated that government could procure measurement equipment from anywhere in the world to carry out its activities.

In his remark, Deputy Senate President, Ike Ekweremadu sustained the prayers that committee on trade and Industry should investigate and revert in two weeks time to the Senate.

 

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