The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has convened a high-level stakeholder meeting to carry out President Bola Tinubu’s directive for the Nigerian National Petroleum Corporation Limited (NNPC) to sell crude oil to local refineries in Naira.
Recall that on July 29, Tinubu directed the Nigerian National Petroleum Company Limited to sell crude oil to Dangote Refinery and other upcoming refineries in Naira.
The meeting involving the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, Group Chief Executive Officer of NNPCL, Mele Kyari, Executive Chairman of the Federal Inland Revenue Service, Zacch Adedeji, and the Permanent Secretary of the Ministry of Finance, Lydia Jafiya, was held on Monday at the Finance Ministry headquarters in Abuja.
In a post on X, the ministry said the initiative is intended to strengthen the domestic economy and support the sustainable operations of local refineries, including the Dangote Refinery.
“During the in-depth discussions, which underscored longstanding challenges within the petroleum sector, the Honourable Minister expressed strong confidence in the collaborative efforts of all stakeholders to achieve the directive’ objectives,” the minister said.
