Petroleum Equalisation Fund (Management) Board

…Trailblazing – New Paths in the

Downstream Sector

Initiatives
Under the Leadership of
MUHAMMADU BUHARI
GCFR
President Federal Republic
of Nigeria
 …Trailblazing – New Paths in the
Downstream Sector

The Petroleum Equalization Fund (Management) Board Values

And promotes high ethical standard of a responsible public service
organization, and is specifically committed to:

“Core Values”
 Integrity

 Service

 Technology
 TRAILBLAZING NEW PATHS IN THE DOWNSTREAM
SECTOR OF THE PETROLEUM INDUSTRY

PEF(M)B as a trailblazer in the downstream sector of the petroleum

industry has achieved the following:
 PEF(M)B is first organization to successfully launch and implement an electronic
loading and delivery system for petroleum products.
 The e-loading system known as ‘Project Aquila’ was initiated to check leakages,
enthrone transparency and due process while transforming the Boards’
operational process for a more efficient and effective service delivery to all
stakeholders.
 It has automated data capture, enabled faster processing and payment of
claims with an on-line real time information management system.
 The system provides data for strategic business planning and decision
making, while ensuring prompt settlement of marketers’ claims.
 Also, it provides accurate confirmation of all loading and delivery of petroleum
products, to indicate the consumption patterns of cities for effective planning. It
eliminates payment of fictitious claims and diversion of petroleum products
within the country, thereby saving billions of Naira for the Government.
 TRAILBLAZING NEW PATHS IN THE DOWNSTREAM
SECTOR OF THE PETROLEUM INDUSTRY

PEF(M)B as a trailblazer in the downstream sector of the

petroleum industry has achieved the following:
 Introduced the Electronic Payment (e-payment system), the first of its kind in
the public sector. This eliminated many of the inefficiencies in the payment
process. The e-payment system has now been adopted by all public agencies
after PEF(M) B was reviewed as a case study.
 Achieved unhindered and prompt payment of marketers’ claims using the
robust capabilities of Project Aquila moving from an average of 9 months to
between 2-4 weeks.
 Facilitate the availability of fuel supply in the country by prompt payment of
marketers claims in all parts of the country.
 Ensuring new investments in tank farms, retail outlets and trucks with
attendant release in employment generation due to prompt payment of claims.
 TRAILBLAZING NEW PATHS IN THE DOWNSTREAM
SECTOR OF THE PETROLEUM INDUSTRY

PEF(M)B as a trailblazer in the downstream sector of the

petroleum industry has achieved the following:
 Achieved full cut-over from manual operations to complete automated
processing of marketers’ claims through Project Aquila roundly applauded by
stakeholders in the downstream sector of the petroleum industry.
 Saved about two million dollars ($2m) through the use of the expertise of
staff of Board in the development and roll-out of the Project Aquila Software.
 Achieved ninety percent (90%) coverage in terms of equipment and staffing
of all the Government and private depots in the implementation of the Project
Aquila.
 Implemented the forty-five percent (45%) increment in the transportation rate
as approved by Government, after due consultations with stakeholders
 Cleared Ninety-eight (98%) of all outstanding marketers’ claims under the
manual operations
 TRAILBLAZING NEW PATHS IN THE DOWNSTREAM
SECTOR OF THE PETROLEUM INDUSTRY

PEF(M)B as a trailblazer in the downstream sector of the

petroleum industry has achieved the following:
 Implemented a bespoke claims processing software as well as e-payment
platform (Remita) creating an end-to-end electronic claims processing system.

With the solid support of the Honourable Minister of

Petroleum Resources, the Board is working very hard
at supporting Mr. President in implementing Changes
which will positively impact on the life of all
Nigerians.
 Project
Claims Management Solution

 The New PEF(M)B E- Loading Solution

Benefits of The Solution to You
Faster claims processing
Faster payment of claims
Transparency of Processing
Reduction of human errors in
processing/interferances
Eliminate wastage
Requirements from You
Registration details with CAC
Registration details with DPR
Registration details with NNPC
Addresses of retail outlets
Trucks for tagging
Particulars of Trucks

………in your
business interest
 For Further Enquiries Contact:

The Executive Secretary,

Petroleum Equalization Fund Management Board
Abuja:
Plot 542, Cadastral Zone B09, Shehu Yar’Adua Way,
Kado District, Abuja, Nigeria.
Website:www.pefmb.gov.ng
Telephone:09-4606100-9
Lagos:
` Plot 887, Balarabe Musa Crescent, Victoria Island, Lagos
Telephone: (01) 2624386, (01) 8117415

PEF(M)B June, 2013

ISBN: 978-34771-0-3 Customer Service Line:09-7803723