NPA commended over crude oil sales in Naira
L-R: NPA Managing Director Abubakar Dantsoho presents a plague to Zach Adedeji, Executive Chairman, Federal Inland Revenue Service
The One-Stop-Shop Team on the presidential directive on domestic sales of crude oil and refined products in Naira, led by the Nigerian Ports Authority (NPA), has been commended for ensuring smooth operations of the directive.
The Chairman, Technical Sub-Committee, on the implementation of the Federal Government’s policy on domestic sales of crude oil and refined products in Naira, Zacch Adedeji, gave the commendation during his visit to the NPA Headquarters on Thursday 19th December 2024.
Adedeji, who is also the Executive Chairman, Federal Inland Revenue Service (FIRS), thanked the team led by NPA for “playing a pivotal role in the successful implementation of the presidential directive on the domestic sales of crude oil and refined products in Naira.”
Adedeji said: “We recognize that this pioneering effort is a significant achievement, and no doubt reflects your commitment and patriotism.”
“Thus, we encourage you to maintain the hard work and dedication that has made this initiative a success.
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“We also extend our gratitude to all participating agencies for their invaluable cooperation and support. Thank you for your outstanding teamwork and service to the nation.”
Responding, the Managing Director of NPA, Dr. Abubakar Dantsoho said “This commendation can only spur us to do more in advancing this noble initiative. Let me seize this moment to especially appreciate the Honourable Minister of Marine & Blue Economy, Alhaji Gboyega Oyetola for providing the leadership that catalyzed our success on this venture.
“We also thank the tireless Chairman of the Technical Sub-Committee, Zach Adedeji, for the unwavering support that culminated in this milestone.”
With the success of this audacious initiative to sell crude and allied products in Naira to domestic refiners, President Tinubu has in addition to saving losses running into billions of Naira, guaranteed national energy security, deepening the balance of trade and creating jobs, also sustainably put an end to the scarcity of petroleum products and the excruciating queues that hitherto characterized the yuletide season.
This development is coming on the heels of the announcement by Dangote Petroleum Refinery of a reduction in the ex-depot price of its Premium Motor Spirit (PMS) to ₦899.50 per liter.
Other members of the team include the Depot and Petroleum Marketers Association of Nigeria (DAPMAN), Independent Petroleum Marketers Association of Nigeria (IPMAN), and Major Energies Marketers Association of Nigeria (MEMAN).
