{"id":1279,"date":"2020-10-19T09:17:44","date_gmt":"2020-10-19T09:17:44","guid":{"rendered":"https:\/\/www.greatribunetvnews.com\/?p=1279"},"modified":"2020-10-19T09:17:44","modified_gmt":"2020-10-19T09:17:44","slug":"1279","status":"publish","type":"post","link":"https:\/\/www.greatribunetvnews.com\/2020\/10\/19\/1279\/","title":{"rendered":"How To Stop Gas\u00a0 Explosion -MOMAN"},"content":{"rendered":"

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How To Stop Gas\u00a0 Explosion -MOMAN<\/strong><\/h4>\n<\/div>\n
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\u00a0 \u00a0 \u00a0 \u00a0 The Major Oil Marketers Association of Nigeria (MOMAN) has advanced reason for strong regulation of the sale and distribution of Liquefied Petroleum Gas (LPG),saying the development would check the alarming level of gas explosion in Nigeria.<\/div>\n
Its chairman, Mr. Tunji Oyebanji, gave the advice at a zoom conference\u00a0 on the \u201cChallenges and Impact of a Deregulated Downstream Sector on Nigeria\u2019s economy\u2019\u2019. hosted by the National Association of Energy Correspondents (NAEC).<\/div>\n
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\u00a0 \u00a0 \u00a0 He\u00a0 \u00a0also expressed grave concerns over the multiplicity of cooking gas plants in the country and\u00a0 usage of unsafe trucks in conveying petroleum products.<\/div>\n
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\u201cMost of these trucks do not have modern safety gadgets in case of a roll over. They don\u2019t have tracking devices because their owners don\u2019t have funds to invest on new fleets. We believe that with the deregulation of the downstream sector, more investments will come in across the value chain,\u2019\u2019.<\/div>\n
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\u00a0 \u00a0 \u00a0 He expressed his association’s support for the deregulation of the downstream section but emphasized the need to ensure that the quality of petroleum products being sold to customers should be regulated to ensure that they meet the minimum standards.<\/div>\n
He also said said some of government’s agencies that existed before deregulation came into force must give way to the new reality of market forces of petroleum products in the country.<\/div>\n
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\u00a0 \u00a0 \u00a0 He announced that his association is partnering\u00a0 with the National Assembly and the Ministry of Petroleum Resources with a view to ensuring\u00a0 that the Petroleum Industry Bill (PIB) would enhance the development of the industry when passed into law.<\/div>\n
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\u00a0 \u00a0 \u00a0 He added\u00a0 that the proposed petroleum legislation would create a new regulator that would focus solely on the downstream sector unlike the Department of Petroleum Resources (DPR).<\/div>\n
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\u00a0 \u00a0 He also explained that the\u00a0 deregulation of the downstream sector and the passage of the PIB would encourage more investments in Nigeria\u2019s oil and gas industry and make the country a refining hub in West Africa sub region<\/div>\n
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\u201cInvestors were not encouraged to invest because our market was not deregulated and there was lack of governance policy and regulations.Deregulation is a win-win for the Nigerian consumer, we as industry stakeholders and the country as a whole.Now that subsidy has been removed, government should deploy the funds on road construction, healthcare, education and other areas for the benefit of Nigerians.\u2019\u2019<\/div>\n
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\u00a0 \u00a0 He noted that\u00a0 the scrapping\u00a0 of subsidy on petrol had discouraged smuggling of the product across the borders as well as limited\u00a0 the\u00a0 drain on the nation\u2019s foreign exchange reserves.<\/div>\n
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\u00a0 \u00a0 He advised\u00a0 the\u00a0 federal government to create a level playing field for importation of fuel into the country in order not to defeat the purpose of the deregulation,adding that:”Deregulation works best when there are many players. The competition will help drive lower prices for the benefit of Nigerians”<\/div>\n
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Speaking,Mr Ugo Amadi, Acting Chairman, NAEC, explained that the zoom conference was organised to appraise the import\u00a0 of the deregulation of the downstream sector on Nigeria\u2019s economy.<\/div>\n
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\u00a0 \u00a0 \u00a0 Amadi,who\u00a0 said the country was plagued by multiple challenges such as the COVID-19 pandemic, low oil earnings, threats of terrorism, among others,emphasized the need\u00a0 for the\u00a0 government\u00a0 to take decisions that would add value to the lives of the citizens.<\/div>\n<\/div>\n
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How To Stop Gas  Explosion -MOMAN         The Major Oil Marketers Association of Nigeria (MOMAN)<\/p>\n","protected":false},"author":1,"featured_media":1280,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","om_disable_all_campaigns":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[40],"tags":[3997],"aioseo_notices":[],"yoast_head":"\nHow To Stop Gas\u00a0 Explosion -MOMAN\/\/Gtvnews.......<\/title>\n<meta name=\"description\" content=\"The Major Oil Marketers Association of Nigeria (MOMAN) has advanced reason for strong regulation of the sale and distribution of Liquefied Petroleum Gas (LPG),saying the development would check the alarming level of gas explosion in Nigeria. Its chairman, Mr. Tunji Oyebanji, gave the advice at a zoom conference\u00a0 on the \u201cChallenges and Impact of a Deregulated Downstream Sector on Nigeria\u2019s economy\u2019\u2019. hosted by the National Association of Energy Correspondents (NAEC).\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.greatribunetvnews.com\/2020\/10\/19\/1279\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How To Stop Gas\u00a0 Explosion -MOMAN\/\/Gtvnews.......\" \/>\n<meta property=\"og:description\" content=\"The Major Oil Marketers Association of Nigeria (MOMAN) has advanced reason for strong regulation of the sale and distribution of Liquefied Petroleum Gas (LPG),saying the development would check the alarming level of gas explosion in Nigeria. 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