President Tinubu’s Initiative For Domestic Sale Of Crude Oil in Naira ,Records Success,As Zacch Adedeji Commends NPA

President Tinubu’s Initiative For Domestic Sale Of Crude Oil in Naira ,Records Success,As Zacch Adedeji Commends NPA

L-R Managing Director, Nigerian Ports Authority,Dr Abubakar Dantsoho,pressing a plaque to 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, during the later’s visit to the NPA in Lagos 

By Frank Odinukaeze

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, has commended the One-Stop-Shop (OSS) team, led by the Nigerian Ports Authority (NPA) for ensuring smooth operations.

Speaking when he visited 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.
“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 to the development, Managing Director Nigerian Ports Authority (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 specially appreciate the Honourable Minister of Marine & Blue Economy, Adegboyega Oyetola for providing the leadership that catalyzed our success on this venture”.
“We also thank the tireless Chairman of the Technical Sub-Committee, Zacch 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 Bola Ahmed Tinubu has in addition to saving losses running into billions of Naira, guaranteeing national energy security, deepening 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 N899.50 per litre.

Other members of the team are drawn from
Nigerian Maritime Administration and Safety Agency (NIMASA),
Nigerian Midstream and Downstream Petroleum Regulatory Authority
(NMDPRA)
Nigerian Upstream Petroleum Regulatory Commission (NUPRC)
Chief of Naval Staff, Nigerian Navy
Nigerian Export Processing Zone Authority (NEPZA)
Nigeria Customs Service
Comptroller General, Nigeria Immigration Service
Federal Inland Revenue Service (FIRS)
Port Health Service
Nigeria National Petroleum Corporation (NNPC) Ltd.
National Drug Law Enforcement Agency
Dangote Refineries Ltd.

The Depot and Petroleum Marketers Association of Nigeria (DAPMAN) ,
Independent Petroleum Marketers Association of Nigeria (IPMAN) and
Major Energies Marketers Association of Nigeria (MEMAN)
constitute the OSS team.