…As NNPC Plans to Rebuild Roads Under Tax Credit Scheme
As a follow-up to its efforts in sustaining the current smooth supply and distribution of petroleum products nationwide within the festive period and beyond, the Nigerian National Petroleum Corporation (NNPC) has engaged critical stakeholders to find lasting solutions to the road network challenges and other lingering issues.
It would be recalled that, following NNPC’s intervention over the weekend, the Petroleum Tanker Drivers (PTD) arm of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) called off its planned strike action, agreeing instead to dialogue, as proposed by the corporation.
The group managing director, NNPC, Mallam Mele Kyari, took a decisive step, yesterday (October 13), towards actualising his promise when he hosted a major stakeholders’ meeting at the NNPC Towers.
The meeting was attended by the NNPC, 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).
During the meeting, the NNPC CEO said stakeholders have agreed on a framework for NNPC’s intervention in critical road rehabilitation through the Federal Government’s 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 the government’s Executive Order 7 of 2019, the Road Trust Fund Policy/Tax Credit Scheme gives the private sector opportunity to fund critical infrastructure.
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 from the NARTO.
A statement by the group general manager, Group Public Affairs Division, Garba Muhammad, said the meeting also frowned at the abuse of axle load or tonnage limits. The NNPC agreed to engage the Nigerian Customs Service to enforce the prevention of the importation of tanks that exceed 45,000-litre capacity.