The Federal Government and oil marketers in the country have reached an agreement to resume the uplifting and distribution of fuel across the country.
The agreement was reached on Monday at a public hearing organised by the Joint Senate Committee on Petroleum Resources (Upstream and Downstream), on Monday resolved to mobilise their members for the immediate distribution of fuel across the country.
Senator Magnus Abe, who read a communique duly signed by the stakeholders after the session, explained that the Finance Minister / Coordinating Minister for the Economy, Dr. Ngozi Okonjo-Iweala, and other stakeholders who attended the meeting, unanimously agreed to the peace deal, in the interest of the nation.
He also explained that following the intervention of the Group Managing Director of the Nigerian National Petroleum Corporation, the strike embarked upon by the National Union of Petroleum and Natural Gas Workers and the Petroleum and Energy Gas Senior Staff Association of Nigeria, had been called off.
He said, “We have agreed on the following: first is that the Minister of Finance will give an undertaking to the Major Marketers and Depot Managers that the work of the committee being headed by CBN and PPPR, on the outstanding claims, would be concluded and be reflected in the hand over notes to the incoming administration.”
He said the Major Oil Marketers Association of Nigeria had agreed to begin lifting of Petroleum products nationwide within the next six hours and to also pay the National Association of Road Transport Owners, the transport cost that will be determined by them.