The Federal Government has reiterates its commitment to steady supply of refined petroleum products in the country.
This is contained in a statement issued by the Director, Information and Public Relations in the Federal Ministry of Finance, Mohammed Manga, in Abuja on Sunday.
He said that the steering committee of the Domestic Crude Oil and Refined Products Sales in Local Currency Initiative met earlier today to review developments in the downstream oil sector.
He said that the Mr Wale Edun, Minister of Finance and Coordinating Minister of the Economy, said that the two recent issues are the purported suspension of the Naira-for-crude oil arrangement by the Dangote Refinery, which has since been amicably resolved.
According to him, the concerns raised by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) regarding the Dangote Refinery have also been resolved.
Edun who also chaired the committee, said that the committee has reassured that the crude oil for the Naira initiative would continue.
The Minister said that all outstanding issues, particularly the dispute between PENGASSAN and Dangote Refinery, are being addressed with urgency and in good faith.
Edun said that the federal government remains fully committed to ensuring energy security, protecting consumers, and maintaining stability in the domestic petroleum products market.
He reaffirmed that there would be no disruption in the supply of refined petroleum products across the country.
In attendance were the Minister of Budget and Economic Planning, Sen. Atiku Bagudu, the Chairman Federal Inland Revenue Service (FIRS), Mr Zacch Adedeji, who also chairs the Technical Committee,
Also in attendancec were the representatives of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Nigerian National Petroleum Company (NNPC) Ltd., Central Bank of Nigeria (CBN), Afreximbank, and the Dangote Refinery.
