NNPC to Rebuild Roads Under Tax Credit Scheme

NNPC to Rebuild Roads Under Tax Credit Scheme

The Nigerian National Petroleum Corporation (NNPC) says it has engaged critical stakeholders to find lasting solutions to the road network challenges and other lingering issues in its efforts at sustaining the current smooth supply and distribution of petroleum products nationwide within the festive period and beyond.

It would be recalled that following NNPC’s intervention over the weekend, the Petroleum Tanker Drivers (PTD)Branch of the Nigeria Union of Petroleum & Natural Gas Workers (NUPENG) called off a planned strike action, agreeing instead to accept the dialogue option proposed by the Corporation, a development that has sustained smooth supply and distribution of petroleum products nationwide.

General Manager, Group Public Affairs Division, Nigerian National Petroleum Corporation Manager Garba Deen Muhammad, in a statement issued said the Group Managing Director of the NNPC, Mallam Mele Kyari, on Tuesday, took a decisive step towards actualization of his promise when he hosted a major stakeholders’ meeting at the NNPC Towers.

The meeting which was attended by the NNPC, the Petroleum Tanker Drivers (PTD), the National Association of Road Transport Owners (NARTO) and other stakeholders, 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,” Mallam 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 Garba Deen Muhammad, 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.

He said that 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.

NNPC to Rebuild Roads Under Tax Credit Scheme

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