Nigerian National Petroleum Corporation (NNPC) has agreed to pay about N2.1 billion debt it owes the Nigerian Ports Authority (NPA) between 2017 to date. The amount is the cost for services rendered by NPA to NNPC.
NPA has assured that henceforth it would not charge NNPC for services not offered to the Corporation as a new measure is to foster better working relationship with the Corporation.
The debt payment agreement was fallout of the discussion between the Managing Director of the NPA, Hadiza Bala Usman and the Group Managing Director NNPC, Engr. Dr. Maikanti Baru, when Usman paid him a courtesy call in Abuja on Tuesday.
While assuring that the NNPC would subsequently ensure steady and prompt payment for services rendered to it by the Authority, the Corporation said it 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.
Hadiza Bala Usman said her visit to the Corporation 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 a 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.
Engr. Baru commended the 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 Hadiza Bala Usman for ensuring speedy clearance of Petroleum laden vessels to berth, Engr. Baru described Hadiza’s style of Management as “Nationalistic”, saying that the NNPC would remain grateful to the NPA for the existing cordial relationship between them in the service of the nation.