The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, met with relevant stakeholders today in Abuja to advance President Bola Ahmed Tinubu’s directive for the Nigerian National Petroleum Corporation Limited (NNPCL) to sell crude oil to local refineries in Naira.
This initiative aims at strengthening the domestic economy as well as supporting the sustainable operations of local refineries, including the Dangote Refinery.
Mr. Edun emphasized the significance of the policy, stating that the meeting provided a platform for thorough discussions on persistent challenges in the petroleum sector.
He expressed optimism that with the collaborative efforts of stakeholders, the initiative would enhance local refineries, stimulate economic growth, and transform the nation’s petroleum landscape.
The meeting has in attendance the Minister of State for Petroleum Resources (Oil), Mr. Heineken Lokpobiri; Group Chief Executive Officer of NNPCL, Mr. Mele Kyari; Executive Chairman of the Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji; Permanent Secretary of the Federal Ministry of Finance, Mrs. Lydia Shehu Jafiya; and other notable participants.
