NNPC to increase partnership with MOMAN on fuel supply

NNPC Records N5.20b Trading Benefits Surplus
NNPC Records N5.20b Trading Benefits Surplus



The Nigerian National Petroleum Corporation, NNPC, yesterday, promised to strengthen its partnership with oil marketers on the platform of Major Marketers Association of Nigeria, MOMAN, to ensure seamless supply of petroleum products.


A statement in Abuja by Group Managing Director of NNPC, Mr. Maikanti Baru, said the corporation, as the supplier of last resort, will utilise the relationship to avoid any supply gap in the downstream sector.


Baru said: “We maintain good relations with MOMAN which has 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 authority.”


Baru added that the Petroleum Industry Governance Bill, PIGB, when finally passed, would further strengthen and boost the business operations of MOMAN across the country.


He urged MOMAN to always keep its contractual obligations to NNPC, adding that remittances from the Association go into the Federation Accounts Allocation Committee, FAAC, to service the needs of the various tiers of government.


On his part, MOMAN Chairman, Mr. Tunji Oyebanji, said the body is a dependable ally in the supply and distribution of petroleum products business in the country.


He pledged MOMAN’s continued collaboration with NNPC, even as he disclosed that the association was repositioning for impending future change in the industry.


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