
Sunday September 28, 2025
By TheNewsDESK |
The Federal Government, FG, on Sunday, September 28, assured Nigerians that there would be no disruption in the supply of refined petroleum products, following concerns over the Naira-for-crude oil arrangement and disputes involving the Dangote Refinery.
In a statement issued by the Ministry of Finance after a meeting of the Steering Committee of the Domestic Crude Oil and Refined Products Sales in Local Currency Initiative, the government stressed that energy security and stability in the downstream oil sector remained a top priority.
The committee, chaired by the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, said the recent reports of a suspension of the Naira-for-crude oil deal by the Dangote Refinery had been “amicably resolved.”
The statement added, “For the avoidance of doubt, the committee reassured that the crude oil for the Naira initiative will continue. It also assured that all outstanding issues, particularly the dispute between the Petroleum and Natural Gas Senior Staff Association of Nigeria and Dangote Refinery, are being addressed with urgency and in good faith.”
Also present at the meeting were the Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu; the Chairman of the Federal Inland Revenue Service, Mr. Zacch Adedeji, who also chairs the Technical Committee; representatives of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, the Nigerian National Petroleum Company Limited, the Central Bank of Nigeria, Afreximbank, and the Dangote Refinery.
The government insisted that Nigerians should not expect scarcity or price instability.
“The Federal Government remains fully committed to ensuring energy security, protecting consumers, and maintaining stability in the domestic petroleum products market,” the statement noted.
By addressing labour concerns and reaffirming the continuity of its local currency crude oil sales initiative, the committee sought to calm growing public fears of another fuel crisis.