NNPC to Pay N2.1 Billion Debt This Week- NPA

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Enterprise Television- NNPC to Pay N2.1 Billion Debt This Week- NPA

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, stated that all debts owed the Nigerian Ports Authority (NPA) by the NNPC between 2017 and present, amounting to about N2.1 billion for services rendered to the corporation, are to be settled this week.

During the visit of the Managing Director of the NPA, Hadiza Bala-Usman to Baru in Abuja, she stated that NPA would not charge NNPC for services not offered to the corporation.

Baru said the corporation may be constrained to approach the NPA board for a soft landing on the payment of legacy debts the corporation owes the NPA, some of which have been outstanding for more than 20 years, while assuring all concerned that the NNPC would subsequently ensure steady and prompt payment for services rendered to it by the authority.

Bala-Usman said her visit to the NNPC was borne out of the desire to strengthen the synergy and collaboration between both agencies.

According to her “with the planned dredging of the Escravos and Ejigbo area in Lagos, there was need for the corporation to bury its pipelines deeper to allow for effective dredging activities to enable deeper draft for bigger vessels to access Warri and Lagos in a bid to enhance the supply of petroleum products and other larger vessels coming into the country.”

Baru, however commended NPA for securing the approval of the Federal Executive Council (FEC) for the dredging of the Escravos channel, stressing that the feat would go a long way in stimulating economic activities in the area.

While commending the NPA management under Usman for ensuring speedy clearance of petroleum laden vessels to berth, the NNPC GMD described the NPA boss’s style of management as “nationalistic,” adding that the NNPC would remain grateful to the NPA for the existing cordial relationship between them in the service of the country.