The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, on Wednesday, attended a key meeting of the Federal Executive Council’s Steering Committee on Domestic Crude Oil and Refined Products Sales in Naira.
The session brought together senior officials from the Federal Inland Revenue Service, NNPC, Dangote and NNPC Refineries, the Central Bank, NMDPRA, NUPRC, and the Nigerian Ports Authority.
The meeting underscored the importance of ongoing collaboration through the One Stop Shop mechanism, with a focus on accelerating Nigeria’s transition to a self-reliant energy market. The crude-for-naira framework is central to stabilising the FX market, supporting local industry, and reducing reliance on imports—offering long-term benefits for both Nigerians and the private sector.
Steering Committee’s review marks a significant milestone in Nigeria’s journey towards energy market reforms, paving the way for increased economic stability and growth.
Signed
Mohammed Manga FCAI
Director, Information and Public Relations
June 19, 2025
