Skip to main content

NNPC, oil marketers move against scarcity, urge PIGB passage

NNPC, oil marketers move against scarcity, urge PIGB passage




The Nigerian National Petroleum Corporation (NNPC) and Major Marketers Association of Nigeria (MOMAN) are strengthening existing relationships to avert scarcity of petroleum products nationwide.Speaking at a MOMAN Chief Executive Officers Strategy Retreat Dinner at the weekend in Abuja, the Group Managing Director of NNPC, Dr. Maikanti Baru, said a deal with the marketers would address inherent challenges in the downstream sector, particularly in the area of effective supply of petroleum products across the federation.

He stressed that unless the Petroleum Industry Governance Bill (PIGB) was passed into law, strengthening of operations in the nation’s oil and gas sector could remain elusive. Baru said: “We maintain good relations with MOMAN which have helped to ensure that there was product availability nationwide during the last Yuletide and the just concluded election period. MOMAN is living up to our expectation as partners. NNPC is ready to escalate whatever recommendations the association comes up with at the end of its retreat to appropriate authorities.”

He urged the marketers to always fulfil their contractual obligations to the national oil agency, adding that remittances from the association go into the Federation Accounts Allocation Committee (FAAC) to service the three tiers of government.MOMAN chairman, Tunji Oyebanji, pledged the body’s commitment to the realisation of government’s petroleum policy for a better nation where hydrocarbons are deployed to fuel national economic growth beyond mere source of income.

He said the association was repositioning to tackle the challenges besetting the industry.“We have a relationship with the NNPC and its downstream subsidiary, the Petroleum Products Marketing Company (PPMC). We will continue to improve on the ties to take the downstream sector of the oil and gas industry to enviable heights,” he pledged.

The Federal Executive Council (FEC), had in 2017, approved the National Petroleum Policy to articulate a vision for Nigeria that could make it become a nation where hydrocarbons boost economic growth.MOMAN’s Chief Executive Officer, Clement Isong, pointed out that oil majors remain reliable partners of government in the actualisation of the policy and other strategic programmes.He said the group would equally set the pace and develop international best practices in the running of the downstream sector through promotion, development of institutional capacity and sustainable industry as well as adherence to a self-regulatory regime that support economic and social growth.

Labels:

Comments

Post a Comment

Popular posts from this blog

Steer Clear from Tompolo's Pipeline Surveillance Job, Face Your Olu's Contract... Activist Warn Itsekiri Leaders

Steer Clear from Tompolo's  Pipeline Surveillance Job, Face Your Olu's Contract... Activist Warn Itsekiri Leaders  Niger Delta Human Rights Activist, comrade Daniel Ezekiel has berated ltsekiri leaders for calling on  the Federal Government to decentralize the pipeline security contract awarded to the Niger Delta living legend, High Chief Government Ekpemukpolo alias Tompolo. The activist in a statement to FocalPoint Reports, on Thursday, reacted with displeasure and strongly condemned Itsekiri leaders Who were led by Hon. Michael Diden to call for the decentralization of Tompolo's Surveillance contract, during a visit to High Chief Bibopere Ajube (Shoot-at-sight) at his Agadagba-Obon, residence in Ese-Odo Local Government Area of Ondo State,  Ezekiel Daniel described those who visited Bibopere Ajube as self-proclaimed Itsekiri leaders and their voices are nothing good but mere distractions and should not be taken seriously. He added that the statements m...
1 comment
Read more

NMU Governing Council chairman seeks solutions to challenges facing varsity

NMU Governing Council chairman seeks solutions to challenges facing varsity The Acting Chairman of the Governing Council of the Nigerian Maritime University, Okerenkoko, Delta State,  Adewale Adeogun, has appealed for immediate action to address the pressing challenges facing the institution.   Adeogun, who spoke during the council meeting  in Warri, expressed deep concern over the university’s underdevelopment despite its six-year existence. Highlighting the urgent need for government intervention, Adeogun emphasised the importance of establishing a permanent campus and ensuring adequate funding.  He pointed out that the university’s progress has been hindered by the suspension of projects initiated by the Nigerian Maritime Administration and Safety Agency (NIMASA). “It is disheartening to see that despite being a specialised university, Nigerian Maritime University is still struggling to find its footing,” Adeogun stated. “We must work tirelessly to secure gov...
Post a Comment
Read more

Retired police officers protest over unpaid pensions

Some retired police officers under the contributory pension scheme on Tuesday, May 21, protested at the National Assembly over alleged several months of unpaid pensions with a call on President Bola Tinubu to remove them from the scheme. The protesters decried the extreme challenges they endure, saying that the National Pension Commission (PENCOM) has failed to pay their entitlements for several months causing them and their families untold hardship. The aggrieved retired police officers also wrote a Save Our Soul (SOS) letter to the President of the Senate, Godswill Akpabio, calling for an urgent intervention. Speaking on behalf of the protesters, Chairman of the retirees, Christopher Effiong said many of their members have developed terminal illnesses and heart attacks as a result of the frustration associated with the scheme. In a letter dated May 21 and addressed to Senate President Godswill Akpabio, the retirees said many of their colleagues have lost their lives due to t...
Post a Comment
Read more