The Crude Oil Monitoring Committee of Revenue Mobilization Allocation and Fiscal Commission (RMAFC) was in the headquarters of the Department of Petroleum Resources (DPR) on a visit.
The DPR Director/CEO, Engr. Sarki Auwalu MNSE welcomed the Monitoring Team. He said: “the visit is critical and the Department is ready to share any information that may be required.” He further gave an overview of DPR and emphatically qualified it as an ‘Opportunity Agency’ that help in wealth creation and economic growth.
Engr. Sarki Auwalu said year 2020 is a year of gas and efforts are in top gear to provide Nigerians with alternate energy source. He said Nigeria is a gas country and measures are fully in place to harness this God given Resources. Accordingly, Engr. Sarki maintained that Compressed Natural Gas (CNG) will soon become available and affordable to Nigerians. If achieved, this will serve as an alternative to Premium Motor Spirit (PMS).
While responding, the Chairman of the Committee, His Excellency Alhaji Ahmed Mahmud Gumel (Commissioner representing Jigawa State) conveyed to DPR warm greetings from the Chairman of the Commission, Engr. Elias Mbam FNSE.
Alhaji Mahmud said: “the Commission has mandate to monitor accruals to and disbursement of revenue from the Federation Account.” He reiterated that the oil and gas revenue is a major contributor to the national coffers hence the need for this important visit.
In his words: ” the Commission is of the view that DPR being the Chief Regulator of the industry should at all times enforce regulatory compliance to the International Oil Companies (OICs), Independent Producers and Marginal Field Operators and impose sanctions were necessary to ensure maximum revenue accruals to the Federation Account.”
The highlight of the visit was when the Director/CEO DPR, Engr. Sarki Auwalu led the Monitoring Team on a Visit to the National Production Monitoring System(NPMS) and the Crude Oil and Liquified Natural Gas Tracking System (COLT) for further interactive session.
The Monitoring Team was full of commendation to the Director and his Management Team and to the Department as a whole