Critical stakeholders in the petroleum industry have risen from a meeting in Abuja with the resolve to shelve the strike action planned by the NARTO and NUPENG-PTD and collaborate to ensure nationwide availability of petroleum products.
The engagement, between NARTO, PTD, NUPENG, NMDPRA and NNPC Ltd. held on Thursday, February 17, 2022 at the NNPC Towers, Abuja.
The communique was endorsed by Otunba S. A. Oladiti, National Chairman PTD, Mr. Yusuf Otthman, NARTO President, Comrade Williams Akporeha, NUPENG President, Abiodun Adeniji, ED F&A, NMDPRA and Mele Kolo Kyari, Group Managing Director, NNPC.
According to the communique, the 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 the parties committed to working together to monitor the road projects.
Also, the stakeholders requested 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.
With regard to their request, the 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.
The parties then agreed to work expeditiously towards concluding the review of the freight rate and making recommendations to the Government, while the Authority is expected to advise on definite close-out date during the week of 21st February 2022.
They also agreed to collaborate to ensure nationwide availability of petroleum products by working closely to ensure efficient distribution of the products across the country.