Technical Sub-Committee on the implementation of the Federal Government’s policy on domestic sales of crude oil and refined products in Naira has commended the One-Stop-Shop (OSS) team, led by the Nigerian Ports Authority (NPA) for ensuring smooth operations.
The Chairman of the sub- Committee, Zacch Adedeji gave the commendation when he visited NPA Headquarters on Thursday. Adedeji, who is also the Executive Chairman, of the 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.”
He said: “We recognise that this pioneering effort is a significant achievement, and no doubt reflects your commitment and patriotism.
“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, the Managing Director Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho said that the commendation could only spur us to do more in advancing this noble initiative.
Dantsoho noted: “Let me seize this moment to especially 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, guaranteed national energy security, deepening the 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 the 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 (PHS), Nigeria National Petroleum Corporation (NNPC) Ltd., National Drug Law Enforcement Agency (NDLEA), 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).
