February 18, 2022

Stakeholders in the oil and gas sector have agreed to suspend their planned strike which could have worsened the fuel supply crisis. The leadership of NUPENG, NARTO and PTD had threatened to mobilise their members to down tools listing bad roads as one of their grievances.

However, on the intervention of NNPC limited that its 21-road intervention was still on course and that money earmarked for these roads would be channeled to complete them, the stakeholders called off the impending strike and pledged collaboration on ensuring nationwide availability of petroleum products.

A meeting with NARTO, PTD, NUPENG, NMDPRA AND NNPC LTD  held on February 17, 2022 At NNPC Towers in Abuja where through a communique, an agreement was reached to shelve the strike in the interest of the nation.

Below is the Communique:

COMMUNIQUE ON CRIITICAL STAKEHOLDERS’ ENGAGEMENT BETWEEN NARTO, PTD, NUPENG, NMDPRA AND NNPC LTD ON FEBRUARY 17, 2022 AT NNPC TOWERS

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

1. 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.

2. 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.

3. Collaboration on ensuring Nationwide availability of petroleum products

            All parties agreed to work closely to ensure efficient distribution of petroleum products across the country.

………………………………….                                ………………………………………

Otunba S. A. Oladiti                                                           Mr. Yusuf Otthman

National Chairman PTD                                                    NARTO President

………………………….………                                ……………………………………….

Comrade Williams Akporeha                                           Abiodun Adeniji

NUPENG President                                                             ED F&A, NMDPRA

…………………………….

Mele Kolo Kyari

Group Managing Director