FG Unveils Projects To Stop Petroleum Revenue Leakages
The Minister of State for Petroleum Resources, Mr. Timipre Sylva, has launched Operation White Project which is aimed at offering core benefits of stopping the revenue bleeding in the downstream sector.
The initiative is also designed to ensure that every molecule of petroleum products imported into the country is utilized within the nation’s border, and boost transparency and accountability, enhance energy security and create job opportunities.
The Project Command and Control Centre comprises top professionals from the Nigerian National Petroleum Corporation (NNPC), Department of Petroleum Resources (DPR), Petroleum Products Pricing Regulatory Agency (PPPRA), Petroleum Equalisation Fund (Management) Board (PEF) and the Department of State Security.
He called for firm collaboration between the downstream players while reiterating the need for stakeholder support to ensure the success of Operation White.
The Launch event was attended by the top echelon of the Nation’s Petroleum Downstream Industry represented by Major Oil Marketers Association of Nigeria, Depots and Petroleum Products Marketers Association of Nigeria, Independent Petroleum Marketers Association of Nigeria, Nigeria Union of Petroleum and Natural Gas Workers, PPPRA, PEF(M)B, DPR and the top management of NNPC who pledged their firm commitment and support to the project and expressed their excitement at the inevitable gains that will be delivered.
