NNPC, PPMC collaboration with MOMAN strategic for oil sector growth- Says Major oil boss …Calls for institutional capacity development to sustain downstream industry

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NNPC,  PPMC collaboration with MOMAN strategic for oil sector growth- Says Major oil boss

.Calls for institutional capacity development to sustain downstream industry

By Joel ThankGod (Financial Business, Abuja):

The MOMAN CEO …Oil sector development in his mind:

The Chief Executive Officer, Major Oil Marketers Association of Nigeria, MOMAN, Mr. Clement Isong, has recognised and commended the outstanding work done by Nigerian National Petroleum Corporation, NNPC, to ensure continuous supply of petroleum products last year and this year, during the election period.

The MOMAN boss made this known during a two-day strategy retreat, held on March 29_ 30, 2019 in Abuja.

He stressed that the improved collaboration between NNPC, especially Petroleum Products Marketing Company, PPMC and MOMAN members contributed significantly to that outcome.

The NNPC GMD, Dr. Maikanti Baru was also hosted by MOMAN at a dinner in Abuja, on March 30, 2019 to recognise, appreciate the increased collaboration and incisive planning that served Nigeria so well during that period.

More so, at the close of the retreat, the MOMAN boss acknowledged the new Nigerian Petroleum Policy document and adapted its guiding principles to meet the new policy thrust as follows:

Guiding Principles/Statement of Intent of MOMAN:

Reliable Partner to the Federal Government in actualisation of the National Petroleum Policy,  specifically to drive and support the Vision & Mission of the policy, as well as its strategic policy objectives:


 To become a nation where hydrocarbons are used as fuel for national economic growth and not simply a source of income.


To maximise production and processing of hydrocarbons

Strategic Policy Objectives:

  • Create a market driven oil & gas industry;
  • Cost efficient storage, transportation & distribution of petroleum products;
  • Move away from oil as a source of income, to oil as a fuel for economic growth;
  • Managing the balance between oil resources and renewable energy.

 Pace Setting and Deployment of International Best Practices in the business of Nigeria’s Petroleum Downstream Sector.

This will entail the following:

*Promoting the development of institutional capacity,  as well as a sustainable viable Downstream Petroleum Industry, thereby fostering economic and social growth of Nigeria.

*Development and compliance with Industry Self-Regulatory regime to support industry regulator and raise Nigeria’s safety, technical and quality standards in fulfillment of Government’s National Petroleum Policy.

*Enhancing conditions, which result in only professional and responsible organisations participating in the Petroleum Downstream Sector in Nigeria.

*Compliance with Corporate Governance Code of Conduct by participants in the Petroleum Downstream Sector in Nigeria.

*Adherence to International industry best practices in Health, Safety, Security, Environment and Quality Standards, HSSEQ.

*Improving Customer Service and amongst others the deployment of technology in protection of Customer and ultimately the business.

*Optimisation of the supply chain to increase efficiency and reduce cost.

*Promotion of Nigerian Content and ensuring compliance by participants in the Petroleum Downstream Sector.

*Training and development of Nigerians in important disciplines such as Engineering, Management and Strategy.

*Establishment of a think-thank of professionals to tackle industry issues and proffer workable solutions to identified problems.

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