Simon Utebor, YenagoaThe Bayelsa State Government has carpeted the Nigerian National Petroleum Corporation for the dwindling federal allocations to states and local governments. It insisted that there was no reason why the allocations should not improve. Jonah expressed worries that while every analysis showed that things had improved, the indications from the NNPC were contrary to the thinking of the Nigeria Governors’ Forum with regard to remittances. According to him, the NNPC claims that 60 million litres of petrol is being consumed daily, while the Department of Petroleum Resources says it is 36 million litres per day and that the corporation has been paying subsidy on 60 million litres of fuel. As far as the Governors’ Forum is concerned, they are paying subsidy and they pay it from the Excess Crude Account.”Copyright PUNCH.

Source: Punch August 01, 2018 23:15 UTC