MOMAN and NNPC move to end fuel shortage while collaborating to improve distribution

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Oil traders under the aegis of the Nigerian Petroleum Marketers Wholesalers Association (MOMAN) said they are working with the Nigeria National Petroleum Company (NNPC) Limited to improve gasoline distribution across the country.

The current move by MOMAN and NNPC comes against the backdrop of the ongoing fuel shortages experienced in Lagos and some other major cities across the country.

According to NAN, this was revealed by the CEO of MOMAN, Clement Isong, during an interview on Saturday in Lagos.

MOMAN NNPC partners: Isong said the association had been holding a daily logistical emergency meeting with NNPCL management on how to improve the gasoline supply. He added that the collaboration will boost the distribution of petroleum products throughout the country. He said:

  • We are doing check-in and check-out from depot to depot to improve efficiency, and we also have logistics supply meetings with NNPCL. There is also collaboration between our members to buffer supply to various MOMAN stations.
  • “We arranged it so that any MOMAN member who doesn’t have a product can choose from other members’ stock to minimize supply gaps.”

Logistical challenge solved: The MOMAN chief said that the association members would work late nights and weekends to close the gaps in the supply of products and put out more products than normal.

It added that the shortage was due to delays experienced at the point of receipt of products from high seas to shore at the port.

Isong, however, said the logistical challenge had been resolved and members were trucking goods.

End to payments in dollars at ports: Meanwhile, in a related development, oil traders and oil tank operators, under the auspices of the Nigerian Association of Traders of Petroleum Products and Tanks (DAPPMAN), have called for swift intervention by the Federal Government. .

DAPPMAN President Ms. Winifred Akpani urged the Nigeria Maritime Administration and Safety Agency (NIMASA) and the Nigerian Ports Authority (NPA) to comply with the Federal Government’s directive to end the payment of port fees in dollars for petroleum products that enter the country.

Akpani maintained that accessing hard currency through the Central Bank of Nigeria (CBN) window would enhance its capacity, facilitate a continuous supply of gasoline, and birth a regime of sustainability in terms of storage, distribution and supply across the country.

He stressed that accessing FX at the official rate would boost fuel supply across the country, as sourcing foreign currency through the parallel market had left oil traders

He added that the burden of obtaining foreign exchange through the parallel market for transactions domiciled in Nigeria had left oil traders in a very bad situation.

… MOMAN, NNPC move to end fuel shortage while collaborating to improve distribution Read more at… Naijaonpoint.

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