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The major oil marketers association of Nigeria (MOMAN) has reached an agreement with the federal government to begin lifting of petroleum products across the country “in six hours”.
According to Magnus Abe, chairman of the senate committee on petroleum resources, the resolution was reached after a meeting of MOMAN and the committee with Ngozi Okonjo-Iweala, minister of finance and coordinating minister for the economy; Joseph Dawha, group managing director of the Nigeria national petroleum corporation (NNPC) and major stakeholders in the oil and gas sector.
Also, the Nigeria union of petroleum and natural gas workers (NUPENG) and the petroleum and natural gas senior staff association (PENGASSAN) have suspended their industrial actions.