NPA Pivotal In Naira-for-Crude Initiative – FIRS

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 of the initiative.

Speaking when he visited the NPA headquarters on Thursday, Adedeji who is also the  executive chairman, Federal Inland Revenue Service (FIRS), applauded the NPA boss for playing a pivotal role in the successful implementation of the presidential directive on the domestic sales of crude oil.

“We recognise that this pioneering effort is a significant achievement, and no doubt reflects your commitment and patriotism. The NPA played a pivotal role in the successful implementation of the presidential directive on the domestic sales of crude oil,” Adedeji said.

“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.”

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Responding, the managing director, NPA, Dr Abubakar Dantsoho, applauded the minister of Marine and Blue Economy, Adegboyega Oyetola, for providing the leadership that catalysed our success on this venture.

“This commendation can only spur us to do more in advancing this noble initiative. Let me seize this moment to specially appreciate the minister of Marine & Blue Economy, Adegboyega Oyetola for providing the leadership that catalysed 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 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 characterised 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.