Major oil marketers reiterate support for FG’s petroleum policy

LAGOS, Nigeria – The Major Oil Marketers Association of Nigeria (MOMAN) has reiterated its support for government policy on the petroleum industry including the policy on deregulation which remains the only way for achieving a robust and sustainable downstream petroleum industry.

MOMAN Chairman, Mr Adetunji Oyebanji, disclosed this in a communique issued on Tuesday in Lagos after the MOMAN Chief Executive Officers (CEO) Strategy Retreat, held in Abuja on the way forward toward a sustainable and viable downstream sector.

It would be recalled that the Federal Executive Council of Nigeria, on 19 July 2017, approved the National Petroleum Policy (NPP or the Policy) which articulates a vision for Nigeria to become a nation “where hydrocarbons are used as a fuel for national economic growth and not simply as a source of income”.

Oyebanji said that CEOs’ two-day retreat recognised the outstanding work done by the Nigeria National Petroleum Corporation (NNPC) to ensure continuous supply of petroleum products in 2018 and 2019, especially during the election period. He also lauded the improved collaboration between NNPC, especially PPMC and MOMAN which he said, contributed significantly to the outcome.

He said that the association would proactively collaborate with government towards the development of the downstream petroleum industry including renewable and alternative energies in Nigeria.

The MOMAN chair said that the association is also poised to optimize and reduce supply chain costs through better collaboration and use of technology. He added that MOMAN would ensure development and compliance with an industry self-regulatory regime to support the industry regulator and raise Nigeria’s safety, technical and quality standards in fulfillment of the government’s national petroleum policy.

“MOMAN is committed to improving customer service and the deployment of technology in the protection of the customer and ultimately the business.

The Chairman assured of training and development of Nigerians in important disciplines, including engineering, management and strategy. According to him, the association will also establish a think-thank of professionals to tackle industry issues and proffer workable solutions to identified problems. 

Oyebanji said that part of its strategic policy objectives was to create a market-driven oil and gas industry, cost efficient storage, transportation and distribution of petroleum products. He reiterated MOMAN’s plans to strengthen its support to the Federal Road Safety Corps, the Department of Petroleum Resources, Petroleum Products Pricing Regulatory Agency, Standards Organization of Nigeria and other regulatory agencies which impact the downstream to improve product transportation.

“We also acknowledge that we need to support the regulatory agencies by adopting internal self-regulation practices if we want the industry to operate at acceptable international levels.

 “MOMAN will focus on service to the Nigerian customer at retail outlets and towards this purpose of training employees, using managerial competencies development and technology to ensure that the Nigerian customer gets full value for the products and services he/she is paying for,’’ Oyebanji added.

 Oyebanji also affirmed the intention of MOMAN is to have a more inclusive MOMAN and begin the process of opening “our doors to new members, as well as share our savoir-faire and international best practices from our heritage and experience of over a hundred years in the industry. He said that the association will continue to strengthened partnership with NNPC to ensure seamless supply of petroleum products across the country.

 Oyebanji, however, lauded PPMC for being a dependable ally in the supply and distribution of petroleum products nationwide, adding that the corporation was a force to be reckoned with in the downstream sector of the petroleum Industry.