Drivers Arm Of NUPENG Suspends Industrial Action

Drivers Arm Of NUPENG Suspends Industrial ActionThe Petroleum Tanker Drivers arm of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has suspended its ongoing strike.

The NUPENG President, Igwe Achese, made the announcement after an extensive meeting between the group and the Nigerian National Petroleum Corporation on Monday in Abuja.

At the meeting, the Group Managing Director of NNPC, Maikanti Baru, announced that the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has approved an increase of tanker drivers’ bridging allowance from 6.20 Naira to 7.20 Naira.

The tanker drivers had commenced an industrial action earlier on Monday to press home their demand for improved welfare.

Mr Achese, who announced over the weekend that members of the union would withdraw their services, raised concerns that Nigerians may experience another round of fuel supply crisis.

He noted that the grouse of the drivers are poor working conditions and welfare package among others.

The NUPENG President said the Federal Government has ignored several appeals by the union to help improve the welfare of the drivers.

NNPC Adopts Strategies To Enhance Productivity

Maikanti Baru, NNPCThe Nigerian National Petroleum Corporation (NNPC) says it has adopted strategies to ensure operational profitability through the renegotiation of all existing contracts.

A statement issued by the corporation disclosed that the contract renegotiation has in gains of between 5% and 30% discounts so far.

The Group Managing Director of NNPC, Dr. Maikanti Baru, expressed delight in the completion of negotiations with NNPC joint venture partners towards the resolution of cash call funding challenges through payments of arrears owed the partners.

Dr. Baru explained that the feat was achieved by developing a clear payment plan as well as the pursuit of an alternative funding strategy.

He noted that arrears of up to December 2015 have been fully reconciled, with repayments plan also agreed upon.

Nigerian Governors Hold Meeting On Developmental Issues

adams oshiomole at governors forumGovernors from the 36 states of the federation under the aegis of the Nigerian Governors’ Forum have met on how to find lasting solutions to some developmental issues that are calling for attention in their domain.

The meeting, which was held at the old banquet hall in the Presidential Villa on Tuesday, was said to have been initiated by President Muhammadu Buhari to keep the governors abreast of the goings on in the government departments and agencies, including the Nigerian National Petroleum Corporation (NNPC).

Speaking to State House correspondents after the meeting, Edo State Governor, Adams Oshiomhole, said that the briefings were designed to encourage synergy.

“The Group Managing Director of NNPC, Andrew Yakubu, has given us a very interesting presentation of the reforms that are going on in the NNPC.

” We all have renewed confidence that we would have a national corporation that is run like a business outfit with good corporate governance and transparency that people can see through its operations.

“Having listened to all the presentations, we are very excited that the President is providing the right leadership and the GMD is at home with the issues and he’s dealing with all the impurities and the result is already manifesting,” Oshiomhole said .

Giving his view about the outcome of the meeting, Oyo State Governor, Abiola Ajimobi, said, “I think for the first time in the history of me being a Governor, this is a very commendable effort. We discovered that many states can now partner with NNPC in the area of dam stream, business activities, distribution activities and refining activities.”

The Ogun State Governor, Ibikunle Amosun, added, “We’ve learnt a lot of things today and I think everybody will go back to his state, more informed and more aware of what is presently happening and how we can move forward.”