BREAKING NEWS:Stakeholders and Senate in secret meeting, begin fuel loading today

Firstclass newsline/gathered that the Stakeholders in the petroleum
sector was 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 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."
The Senator 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 would be determined by them.
He added that the Depot Managers had agreed to open all their depots
nationwide so that lifting would commence and had agreed with the DPR
to withdraw the operational licence of any depot which was not opened
for fuel lifting.
Abe said the NNPC had directed all relevant staff, working in the
various depots across the country, to work 24 hours, including
Saturday and Sunday, for the next two weeks until normalcy returns to
the sector.
He explained that the committee would reach out to the Lagos State
Government on the agreement reached and the need for their
contribution towards ensuring smooth loading of fuel in all the
depots.
Firstclassnewsline.net