Stakeholders Recommit To Effective Execution Of Naira For Crude Sale Policy
By Sunday Etuka, Abuja
The Technical Sub-Committee on the Crude and Refined Product Sales in Naira initiative on Friday held its meeting with the commitment of members to ensure seamless execution of the policy.
Convened in Abuja under the chairmanship of the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, the committee reviewed implementation milestones and recorded notable progress since the last engagement.
The stakeholders reaffirmed their shared commitment to the seamless execution of the policy, which remains a critical component of President Bola Tinubu’s broader strategy to strengthen the Naira, enhance energy security, and promote local value addition within the sector.
Mr. Edun, according to a statement by the Director, Information and Public Relations, Mohammed Manga, commended the continued collaboration across agencies and partners, and promised to provide further updates in due course.
The meeting was attended by the Executive Chairman of the Federal Inland Revenue Service and Chairman of the Technical Sub-Committee, Mr. Zacch Adedeji; the Special Adviser to the President on Energy, Ms. Olu Verheijen; as well as senior representatives of the Nigerian National Petroleum Company Limited (NNPCL), local refining operators, and key regulatory institutions including the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), and the Nigerian Ports Authority (NPA).
