DESIGN_AND_IMPLEMENTATION_OF_AN_AUTOMATED_INVENTORY_CONTROL_SYSTEM_FOR_A_MANUFACTURING_ORGANIZATION
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
BACKGROUND OF THE STUDY
The Petroleum Equalisation Fund Management Board is a scheduled Parastatal of the Ministry of Petroleum Resources ,established by Decree No.9 of 1975 (as amended by Decree No. 32 of 1989 ), mainly to administer Uniform Prices of Petroleum products through out the country . This is achieved by reimbursing a marketer’s transportation differentials for petroleum products movement from depots to their sales outlets (filling station), in order to ensure that products are sold at uniform pump price throughout the country. The source of the Fund is from principally the net surplus revenue recovered from Oil Marketing Companies. It has an Operational Office in Lagos, five (5) Zonal Offices as well as twenty-two (22) Depot Offices located at the 21 NNPC Depots and Marketers’ storage facilities at Apapa and Ibafon. It is headed by the Executive Secretary who is the Chief Administrative Officer, responsible for the day to day operations of the fund. 2 In 1979, Government, conscious of the fact that petroleum products supply did not reach the remotest parts of the country encouraged Major Marketers to open filling stations in those areas. The purpose of this Charter is to explain what we do, how we provide effective and efficient services and our commitment to all Stakeholders and customers. It also welcomes feedback as a means of assessing our performance and meeting expectations.
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