The management of NNPC on Thursday met with other critical stakeholders in the oil sector, NMDPRA, PTD, NARTO, and NUPENG, to deliberate on critical issues in the sector.

A communique issued at the end of the meeting stated that the critical stakeholders reached a common ground on the issue road rehabilitation and the issue of funding earmarked for 21 critical roads.

The stakeholders also deliberated and agreed on others areas which are captured in the communique produced below

“Following the engagement between NMDPRA, NNPC, PTD, NARTO, and NUPENG, the parties resolved as follows:

“Road Rehabilitation: NNPC provided updates on the current status of the road construction and rehabilitation projects under the road infrastructure tax credit scheme and assured the stakeholders (NUPENG, NARTO and PTD) that the funding earmarked for the 21 critical roads will be applied for the intended purpose only.

“To allay the fears of the stakeholders, NNPC and all parties commit to working together in the monitoring of the road projects.

“Review of freight rate for transporters

The stakeholders requested for completion of the ongoing discussion on the review of the freight rates to cover operational costs and highlighted the precarious situation that truck owners face in the light of current economic realities.

“NMDPRA informed the meeting that a committee has been constituted to review the rates which includes PTD, NARTO and NUPENG in addition to other stakeholders.

“All parties agreed to work expeditiously towards concluding the review of the freight rate and make recommendations to the Government. The Authority to advise on definite close-out date during the week of 21st February 2022.

“Collaboration on ensuring Nationwide availability of petroleum products:All parties agreed to work closely to ensure efficient distribution of petroleum products across the country.”

The communique was signed by Alh. Yusuf Lawal Othman, (National President, NARTO), Comrade Williams Akporeha (National President, NUPENG) Abiodun Adeniji (ED F&A, NMDPRA), Mallam Mele Kyari, Chief Executive Officer/ Group Managing Director, NNPC Limited and Otunba S.A Oladiti (Chairman, PTD).


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