Business Hilights

Tracking Nigeria's Headline Business News Online

Nigerian Senate
Energy

For deeper knowledge sake, Senate demands daily oil production, Sales report from DPR

Chevron
Advertisements
Ad 2
Advertisements
Ad 3
Advertisements

More reasons have emerged on why the Senate Committee on Petroleum (Upstream) has demanded a daily report to be complied monthly on all activities in the sector ranging from oil production to sales.

The Chairman of the committee, Senator Tayo Alasoadura, who led members to the headquarters of the DPR in Lagos on oversight visit, said the data would give the upper chamber of the National Assembly an opportunity to have deeper knowledge of activities in the petroleum sector.

The Committee explained further that the needed records will include those of petroleum industry activities, data on seismic activities, crude oil production, lifting, allocations, exports by destination and receipts, gas production, utilisation, sales, transmission and exports.

While decrying the failure by government agencies to provide information on their activities to the legislature, he said the trend must stop.

According to him, “The problem with us is that we don’t think the National Assembly is part of the government. I have always told people: take the National Assembly away from governance, there is no more democracy. There is the executive; there is legislature; and there is the judiciary. But it’s only when you have the legislature, which will act as a check on the executive, that there is democracy.

“So, whatever is worth doing for the executive must also be done for the legislature, so that at the end of the day, we will all understand and speak with one voice.”

Responding, the Director of DPR, Mr. Mordecai Ladan, said that the department was actively working to launch an innovation that would enable it to monitor oil production, delivery to locations as well as compliance with fuel prices by filling stations from its offices.

 

LEAVE A RESPONSE

Business Hilights is an online news channel conceptualized and structured to report and track on a daily basis; latest developments in critical business sectors to serve as a one stop news gateway for governments, foreign and indigenous investors.