In addition, the committee recommended that the Nigerian Midstream and Downstream Petroleum Regulatory Commission should “issue stricter and most appropriate regulations as provided in the Petroleum Industry Act to ensure that Nigerians are not short-changed through profiteering.”
“The committee also recommends that the Federal Government should, as a matter of urgency, liaise with the National Assembly to fashion out critical areas of economic development, in which the additional revenue from the proposed subsidy removal will be appropriately utilised. “The committee further recommended that the Nigeria Customs Service and the Weight and Measures Department of the Federal Ministry of Industry, Trade and Investment be equipped to ascertain the actual daily crude oil lifting from the country for proper checks and balances,” the report maintained.
Source: Car News Wire (carnewswire.net)
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