The Nigeria National Petroleum Corporation (NNPC) said it has initiated a process that will provide a quick and effective solution to the roads network challenges in the country.
The Corporation, in a statement on Sunday, expressed interest to invest in the reconstruction of select federal roads under the Federal Government’s Road infrastructure Development and Refurbishment Investment Task Credit Scheme.
The thrust of the NNPC’s intervention is to make considerable funds available for the reconstruction of roads through its Future Tax Liability, having recognised that the major reason slowing down the rehabilitation of the road networks in the country is the paucity of funds, its said.
The state-owned oil company, which had earlier appealed to the Petroleum Tanker Drivers (PTD) to shelve their strike, said its intervention to fix some roads in the country was order to ease some of the challenges as expressed by the PTD.
The PTD has planned to embark on a strike action to protest the poor condition of roads in various parts of Nigeria used by its members for the distribution of petroleum products.
“However, even though it is not the responsibility of the NNPC to build or rehabilitate roads, any disruption in the distribution of petroleum products to different parts of Nigeria will adversely affect the business of the NNPC and endanger energy security, which the country has enjoyed for a long time now.”
“In recognition of this, the NNPC wishes to assure the Petroleum Tanker Drivers that in addition to ongoing efforts by other agencies government, the NNPC has initiated a process that will provide a quick and effective solution to the roads network challenges as expressed by the PTD,” it said.
The NNPC noted that as a responsible corporate entity it recognises the legitimate concerns of the PTD, “we however appeal to the leadership and members to reconsider their decision in the overall national interest.”
Accordingly, “We urge PTD to immediately call off the strike notice and give the current efforts by government and its agencies a chance to solve the challenges in the interest of all.
“We also wish to strongly advice Nigerians not to engage in panic buying of petroleum products as the NNPC has sufficient stock to last through this festive seasond and beyond.” NNPC said in the statement