Jonathan directs Ribadu’s report to be submitted on Friday

President Goodluck Jonathan has directed that the report produced by the Nuhu Ribadu led committee on the management of the nation’s fuel subsidy, be submitted to his office on Friday.
A statement by the Special Assistant to the President on Media, Dr Reuben Abati, on Monday morning stated that “in furtherance of the administration’s commitment to transparency, probity, and accountability in the petroleum sector, President Goodluck Jonathan has directed that a comprehensive report of the Petroleum Revenue Special Task Force chaired by Mallam Nuhu Ribadu should be presented to him this week.”
The Committee which was set up in February 2012, was required to, among other tasks, determine and verify all petroleum upstream and downstream revenues (taxes and royalties, etc,) due and payable to the Federal Government of Nigeria, and to take all necessary steps to collect all debts due and owed; to obtain agreements and enforce payment terms by all oil industry operators.
The presentation of the Committee’s report will take place on Friday, November 2, at 11 am, at the State House, Abuja.
The 146 page report which was leaked to Reuters News agency last week, revealed that the nation loses out on $29 billion on cut-price gas deals from the year 2002 to the present.
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