PEF, NBS to in­ves­ti­gate daily petrol con­sump­tion

Daily Trust - - BUSINESS - By Daniel Adugbo

The Petroleum Equal­i­sa­tion Fund (Man­age­ment) Board and the Na­tional Bureau of Statis­tics (NBS) have set up a com­mit­tee to in­ves­ti­gate the ex­act vol­ume of petrol con­sumed in the coun­try daily.

The com­mit­tee, con­sti­tuted earlier in the year, is ex­pected in one month’s time to de­ter­mine Nige­ria’s daily petrol con­sump­tion and also as­cer­tain the eco­nomic im­pact of equal­i­sa­tion and bridg­ing schemes in the coun­try.

Speak­ing af­ter a meet­ing in­volv­ing chief ex­ec­u­tives of the two agen­cies and the joint com­mit­tee mem­bers, the Statis­ti­cian Gen­eral of the Fed­er­a­tion/Chief Ex­ec­u­tive, NBS, Dr. Yemi Kale, said the essence of the ini­tia­tive was to get data that would help gov­ern­ment make de­ci­sions.

Also speak­ing, the Ex­ec­u­tive Sec­re­tary, PEF, Ahmed Bob­boi, said the col­lab­o­ra­tion with the NBS was in­formed by the PEF’s de­sire to put to rest the prob­lem of con­flict­ing daily petrol con­sump­tion fig­ures by dif­fer­ent gov­ern­ment agen­cies.

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