Don’t scrap Pipeline, Product and Marketing Company Plc (PPMC) – Hon Makinde cautions FG
A former member of the House of Representatives has called on the Federal Government to rule out plans to scrap Pipelines and Products Marketing Company (PPMC).
Hon Makinde, a former staff of the PPMC said that the idea behind the creation of PPMC, a subsidiary of Nigerian National Petroleum Corporation, cannot be over emphasize.
According to him, the PPMC is a wholly-owned downstream subsidiary Business Unit of NNPC, with the primary responsibility of profitably and efficiently marketing refined petroleum products in the domestic market and ensuring products supply efficiency either from domestic refining or from imports.
“In addition to its core mandate, PPMC is the National Strategic Reserve Holder for PMS and a major supplier of PMS nationwide,” he noted
See the statement in details:
With the above analysis of core value of the company in addition to this, was the correspondent merit in how its good management can eliminate lot of things that causes loss and death on our roads. It is really a sad story that in Nigeria, we still use heavy vehicles and trailers to transport vunerable products on our highways causing road damage and constant loss of lives that can be avoided through transportation of our various product through all thes designated pipelines.
For instance PPMC pipeline from Port harcourt to Aba of just 52 kilometers, PH to Enugu 210 klm distance, Enugu to Markudi 180kilometre. In the Western part of Nigeria, the pipelines that exists are Mosimi to Ibadan about 80 kilometer, Ibadan to Ilorin 168 kilometres, Mosimi to Ore 151kilometres, Ore to Benin 110 up to Warri which is 89.9 kilometres. All roads in this axis do record calamities and huge cost of maintenance by the federal government.
This call is for president Bola ahmed Tinubu to revist the on- going concession and contracts for the overhauling of our various depots with the idea of handing them over to investors, a tactical and dangerous way to hand over national asset to some few individuals.
PPMC can survive on its own, run effectively if well managed.The pipeline simply needs to be overhauled, and work with the intention to commercialize it in such a way to break even with the government to ensure total protection.
No known economy policy can survive without the protection of our pipelines accross the country. Oil and Gas is our major sources of revenue in this country, we certainly can not totally leave it in the hands of some powerful individual to run. The pipelines can operate and transport products to various depots and relatively charge for both local production and imported products.
PPMC should remain our national pride, so that we can overhaul the management to be more effective but not to totally scrap it.
*Hon Rotimi Makinde, Former Staff of PPMC and former member Federal House of Representatives.*
