Monday, September 29, 2025 - The Federal Government has
stated that there will be no disruption in the supply of refined petroleum
products across the country.
The assurance followed a meeting of the steering committee
of the domestic crude oil and refined products sales in local currency
initiative, chaired by the Minister of Finance and the Coordinating Minister of
the Economy, Wale Edun.
The meeting reviewed recent developments in the downstream
oil sector, including the reported suspension of the naira-for-crude
arrangement by the Dangote Refinery and concerns raised by the Petroleum and
Natural Gas Senior Staff Association of Nigeria (PENGASSAN).
The Federal Ministry of Finance said the issue with the
refinery had been “amicably resolved”.
In attendance at the meeting were Abubakar Atiku Bagudu,
Minister of Budget and Economic Planning, Zacch Adedeji, chairman of the
Federal Inland Revenue Service (FIRS), as well as representatives of the
Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA),
Nigerian National Petroleum Company (NNPC) Limited, Central Bank of Nigeria
(CBN), Afreximbank and the Dangote Refinery.
The committee reaffirmed that the naira-for-crude initiative
will continue and assured that all outstanding matters, particularly the
dispute between PENGASSAN and Dangote Refinery, are being addressed “with
urgency and in good faith”.
“The federal government remains fully committed to ensuring
energy security, protecting consumers, and maintaining stability in the
domestic petroleum products market,” the statement said.
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