Major marketers meet NNPC, lament FX, port charges

The Nigerian National Petroleum Corporation (NNPC) and the Major Marketers Association of Nigeria (MOMAN) have resolved to continue to work hand-in-hand to grow the petroleum industry.

Group Managing Director of the NNPC, Mallam Mele Kyari, together with MOMAN chairman, Mr. Tunji Oyebanji, made the declaration during a visit by the association’s executive yesterday in Abuja to the corporation’s helmsman.

Speaking during the visit, Mallam Kyari stated that statutorily, the corporation was mandated to work with all relevant industry stakeholders to sustain the growth trajectory of the petroleum industry as well as ensure energy security of the nation.

A statement by acting Group General Manager, Group Public Affairs Division of NNPC, Samson Makoji said that effective fuel supply and distribution were critical to national growth and energy security, as NNPC, being a National Oil Company, has an obligation to ensure that petroleum products supply and distribution are carried out unimpeded across the country.

He expressed readiness to collaborate with other agencies to address the issues that are of interest to MOMAN to ensure that its members remain a going concern.

Earlier, the MOMAN Chairman, Mr. Oyebanji, had congratulated the GMD on his appointment and expressed the readiness of his Association to collaborate with Mallam Kyari to guarantee energy security for the country.

Oyebanji solicited NNPC GMD’s support on burning issues of concern to MOMAN, among which he listed: Diminishing margin from PMS sales; Difficulties encountered in accessing forex at N306 per dollar; Foreign- currency denominated charges by port agencies and multiple regulatory agencies in the sub-sector.

SOURCE: DailyTrust