January 30, 2025
PETROAN
The due process is you must get an endorsement from NUPENG. (0:03) It is practically impossible for any person to step into the oil and gas sector (0:08) and you command a collection of levy and dues from operators in this sector without NUPENG (0:15) giving you an endorsement. Practically impossible. (0:18) So then they were like undermining the relevance of NUPENG and NUGU. (0:23) They didn't use reconciliation, they didn't use negotiation as a tool of getting an endorsement. (0:28) They have been quoting the Nigeria constitution that says that freedom of assertion that every (0:32) person is entitled. And to the stakeholders, the disadvantage of allowing any person to step in (0:37) and impose levy on people, that will further reflect at the buying point. (0:42) Whatever we incur as a cost of logistics for buying these products, we add it at the buying (0:46) point. So NUPENG is protecting the general public. You know, you don't just step in and add levy of (0:51) 30,000, 20,000 as the case might be. Don't do that. Let stakeholders agree. (0:55) Stakeholders have never agreed to add it at the buying point, yet add it by all means we must do.
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