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Wednesday
15 May 2019

Nigeria: NNPC & MOMAN Strengthen Alliance

15 May 2019   
The Nigerian National Petroleum Corporation (NNPC), in order to ensure smooth supply of fuel products across the country, has reinforced its partnership with fuel marketers under the umbrella of Major Marketers Association of Nigeria (MOMAN).

The relations between NNPC and MOMAN would continue to be strengthened to avoid any product supply gap, said NNPC's Group Managing Director, Dr. Maikanti Baru.

MOMAN was appreciated for being a dependable ally in the supply and distribution of fuel products nationwide. Baru noted that the marketers were a force to be reckoned with in the country's downstream petroleum sector. Other players in the sector like the NNPC Retail Limited were not in competition with MOMAN, he added.

"We maintain good relations with MOMAN which have helped to ensure that there is products 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," said Baru.

The business operations of MOMAN across the country would be further strengthened and reinforced by the Petroleum Industry Governance Bill (PIGB), when finally passed, and the workshop would help it brace up for the imminent reforms in the fuel industry.

MOMAN was advised to always keep its contractual obligations to the NNPC, and Baru also added that remittances from it often go into the Federation Accounts Allocation Committee (FAAC) to service the needs of the various tiers of government.

Pledging MOMAN's continued collaboration with NNPC, Oyebanji said, "We have an outstanding relationship with NNPC and its downstream subsidiary, the Petroleum Products Marketing Company (PPMC). We will continue to improve on the relationships to take the downstream sector of the oil and gas industry to enviable heights."

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