Initiatives Under the Leadership of MUHAMMADU BUHARI GCFR President Federal Republic of Nigeria

1. 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

2. …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

3. 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.

4. 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.

5. 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

6. 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.

7. ProjectClaims Management Solution • The New PEF(M)B E- Loading Solution ………in your business interest

8. 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 For Further Enquiries Contact: ` PEF(M)B June, 2013 ISBN: 978-34771-0-3 Customer Service Line:09-7803723