Economy
By Anthony Isibor.
FOLLOWING the meeting between the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, Nigeria National Petroleum Commission, NNPC, Petroleum Tanker Drivers, PTD, Nigerian Association of Road Transport Owners, NARTO, and National Union of Petroleum and Natural Gas Workers, NUPENG, the parties resolved to work expeditiously towards concluding the review of the freight rate for transporters and make recommendations to the government on the outcome of its decision.
They also agreed on a definite close-out date during the week of 21st February 2022.
The communiqué issued after the critical stakeholders’ engagement meeting held between the agencies at the NNPC towers on Thursday, February 17, 2022, noted the need to quickly conclude the ongoing discussion on the review of the freight rates to cover operational costs due to the precarious situation that truck owners face in the light of current economic realities.
To this effect, NMDPRA informed the agencies that a committee has been constituted to review the rates which include PTD, NARTO and NUPENG in addition to other stakeholders.
It added that during the meeting, the 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.
– Feb. 18, 2022 @ 13:10 GMT |
Tags: National Union of Petroleum and Natural Gas Workers Nigeria National Petroleum Commiss Nigerian Association of Road Transport Owners Nigerian Midstream and Downstream Petroleum Regulatory Authority
