'Many vehicles are over 40 years' — oil marketers call for investment in new trucks | TheCable

  • 📰 thecableng
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 80%

United States News News

United States United States Latest News,United States United States Headlines

The Major Oil Marketers Association of Nigeria (MOMAN) says most petroleum product trucks on Nigerian roads are prone to accidents and called for investments in new ones. Clement Isong, executive

The Major Oil Marketers Association of Nigeria says most petroleum product trucks on Nigerian roads are prone to accidents and called for investments in new ones.Isong spoke on opportunity areas and challenges of investments in the petroleum products marketing and bunkering sector at the summit.

However, he said, with the passage and implementation of the Petroleum Industry Act , marketers were optimistic that investors would be encouraged to put money into new trucks. He said although most of the tanks at the private depots are also old, those at the NNPC depots are older. The executive secretary added that the deployment of new technologies was needed to improve the safety of lives and properties in the sector.He called on the government to put in place self-regulation that would pull investments into the downstream sector, and in turn improve safety performance in the sector.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in US

United States United States Latest News, United States United States Headlines