The Nigerian National Petroleum Corporation (NNPC) has pegged the maximum capacity for fuel tank importation at 45,000 litres, a measure introduced to elongate the lifespan of major roads across the country.
NNPC said that the Nigerian Customs Service would be engaged to ensure none of the importers violate the directives by bring into the country tanks above 45,000 litres capacity for fuel distribution
The Corporation, in collaboration with stakeholders in the oil and gas industry, meanwhile, have agreed to enforce installation of safety valves on all petroleum product trucks beginning from next year, February 1, 2022
These were disclosed during a stakeholders’ meeting convened by NNPC Group Managing Director, Mele Kyari, at the corporation’s headquarters in Abuja, so as to find lasting solutions to the road network challenges and other lingering issues.
Some of the stakeholders at the meeting were the Petroleum Tanker Drivers (PTD), the National Association of Road Transport Owners (NARTO), Department of Petroleum Resources (DPR), Federal Ministry of Works, Federal Inland Revenue Service (FIRS), Department of State Services (DSS), Federal Road Safety Corps (FRSC) and Nigeria Union of Petroleum & Natural Gas Workers (NUPENG).
After the meeting, Kyari said that the stakeholders have agreed on a framework for NNPC’s intervention in critical road rehabilitation through the Federal Government Tax Credit Scheme.
“We are committed to utilising the Federal Government’s Tax Credit Scheme to rebuild some of the affected roads in line with Mr. President’s Executive Order 7. Upon our fruitful deliberations today, the NNPC has pledged to support the PTD and NARTO in carrying out quick intervention fixes on some strategic bad spots identified to enable unhindered movement of trucks for transportation of petroleum products nationwide,” Kyari stated.
Established under FG’s Executive Order 7 of 2019, the Road Trust Fund Policy/Tax Credit Scheme gives private sector operators an opportunity to fund critical infrastructure with the government.
According to him, stakeholders also agreed to enforce mandatory installation of safety valves in all petroleum product trucks in the country effective February 1, 2022 with full commitment given by NARTO.
“The meeting also frowned at the abuse of axle load or tonnage limits, with the NNPC agreeing to engage the Nigerian Customs Service for enforcement of preventing the importation of tanks that exceed 45,000 litres capacity”, he added.
It would be recalled that the meeting was convened following NNPC’s intervention over the weekend which resulted in the PTD, an arm of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), calling off the planned strike action after agreeing to accept dialogue option proposed by the Corporation, a development that has sustained smooth supply and distribution of petroleum products nationwide.