FG Reassures Nigerians of Steady Fuel Supply

The Federal Government has reaffirmed its commitment to guaranteeing uninterrupted supply of refined petroleum products across the country.

This assurance followed a meeting of the Steering Committee on the Domestic Crude Oil and Refined Products Sales in Local Currency Initiative, chaired by the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun.

At the meeting, members addressed concerns in the downstream oil sector, including reports of a suspension of the Naira-for-crude arrangement with the Dangote Refinery. The government confirmed that the issue has been amicably resolved and that the initiative remains firmly in place.

Also discussed were concerns raised by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) regarding the refinery’s operations. The committee assured stakeholders that disputes will be resolved promptly and in good faith.

Those in attendance included the Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu; Chairman of the Federal Inland Revenue Service (FIRS), Mr. Zacch Adedeji, who also chairs the Technical Committee; and representatives of the Nigerian National Petroleum Company (NNPC) Ltd., Nigerian Midstream and Downstream Petroleum Regulatory Authority, Central Bank of Nigeria (CBN), Afreximbank, and the Dangote Refinery.

The government emphasized its dedication to energy security, consumer protection, and stability in the domestic petroleum market, stressing that Nigerians should expect no disruption in fuel supply.