FG Meets Stakeholders on Implementation of Naira Crude Oil Sales
In a bid to enforce President Bola Tinubu’s directive for the Nigerian National Petroleum Corporation Limited (NNPCL) to sell crude oil to local refineries in Naira, Finance Minister and Coordinating Minister of the Economy, Mr. Wale Edun, convened a meeting with key stakeholders in Abuja to advance this Federal Government policy.
This initiative aims at strengthening the domestic economy as well as supporting the sustainable operations of local refineries, including the Dangote Refinery.
The meeting assembled key 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 prominent figures.
This gathering facilitated detailed discussions aimed at addressing challenges within the petroleum sector.
As the meeting drew to a close, a sense of strong confidence and collective purpose filled the air, with HM Edun expressing optimism that, with the collaborative efforts of all stakeholders, this groundbreaking initiative will empower local refineries, stimulate economic growth, and redefine the nation’s petroleum landscape.
By harnessing the collaborative spirit of key stakeholders, Nigeria is poised to witness a transformative shift in its economic trajectory. Thus, the country is set to unlock new opportunities, overcome longstanding challenges, and emerge stronger.
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.