In a bold move to ensure the full implementation of the President Bola Ahmed Tinubu’s directive for the Nigerian National Petroleum Corporation Limited (NNPCL) to sell crude oil to local refineries in Naira, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has today in his office in Abuja met with relevant stakeholders with a view to ensuring the realization of this policy objective of the Federal Government
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| Finance Minister leads strategic meeting on NNPCL crude sales in Naira. Photo: @FMINONigeria |
This initiative aims at strengthening
the domestic economy as well as supporting the sustainable operations of local refineries, including the Dangote Refinery.
The meeting which brought together important stakeholders, including Mr. Heineken Lokpobiri, Minister of State for Petroleum Resources (Oil); Mr. Mele Kyari, Group Chief Executive Officer of NNPCL; Dr. Zacch Adedeji, Executive Chairman of the Federal Inland Revenue Service (FIRS); Mrs. Lydia Shehu Jafiya, Permanent Secretary of the Federal Ministry of Finance; and other notable participants provided an opportunity for in-depth discussions, which underscored longstanding challenges within the petroleum sector.
The Naira Crude Sales initiative marks a significant milestone in Nigeria’s journey towards economic prosperity, and all eyes are on the promising future that lies ahead.
Signed
Mohammed Manga, FCAI
Director, Information and Public Relations
August 13, 2024
