1	GOALS & OBJECTIVES OF THE AGENCY… PRICING POLICY Pricing policy is geared towards ensuring: Products Availability Competitive Downstream sub-sector Full Cost Recovery/Appropriate pricing and Making Nigeria the hub of petroleum products supply and distribution in West Africa Means: Setting benchmark prices Moderating price volatility through modulating mechanism Networking with global energy information service providers Balancing the interest of consumers & investors
2	GOALS & OBJECTIVES OF THE AGENCY..II MONITORING AND EVALUATION Ensure adherence to set benchmark prices Ensure adequate supply and effective distribution of petroleum products Ensure compliance with ethics and code of conducts Ensure continued stability and serenity in the market Means: Mediatory and conciliatory role Monitoring of facilities and the operators
3	GOALS & OBJECTIVES OF THE AGENCY..III OPEN-ACCESS, COMMON-CARRIER REGIME Facilitate the privatization of logistic facilities Efficiency in products supply and distribution Maximization of capacity utilization Means: Creation of a level playing field Determination of tariffs on: Transportation (Pipelines) Storage Depots Jetties
4	GOALS & OBJECTIVES OF THE AGENCY..III INSTITUTIONAL LINKAGES Awareness and Enlightenment Understanding, Appreciation and Support Means: Public Enlightenment Interface and Collaboration with: Labour /Interest Groups (PENGASSAN, NUPENG, TUC, NLC, NURTW, Media, NANS, NGOs) Transporters (National Association of Road Transport Owners (NARTO), Luxurious Bus Owners Association of Nigeria (LUBUOAN), Airline Association of Nigeria (AON)) Private Sector (MAN, NACCIMA, NECA, Banks) Government (Presidency, Finance, Labour, Transport, National Assembly, Petroleum Resources)
5	GOALS & OBJECTIVES OF THE AGENCY..III MACROECONOMIC FACTORS Informed decision Means: Constant surveillance over key economic indicators - Platts, Forex, Interest & Inflationary Rates.