Minister of Finance, Wale Edun
By MBAFAN ADE, Abuja –
The Federal Ministry of Finance has issued a statement in response to recent media reports regarding a potential forward sale of crude oil involving the Nigerian National Petroleum Company Limited (NNPC Ltd).
According to the Ministry, no final decision has been made on the matter, and speculation about the collapse of such an initiative is unfounded.
“We are aware of recent media reports concerning a potential forward sale of crude oil involving NNPC Ltd. No final decision has been announced by the Government, and commentary suggesting the collapse of any such initiative is unfounded,” said Mohammed Manga, Director of Information and Public Relations at the Federal Ministry of Finance.
The Ministry emphasized the Government’s commitment to deploying innovative, transparent, and fiscally responsible financing strategies to optimize Nigeria’s oil assets, improve external liquidity, and strengthen macroeconomic stability.
This move is part of the Government’s ongoing economic reforms aimed at promoting economic growth and development.
The Government remains focused on leveraging its oil assets to drive economic growth and improve the country’s fiscal position.
The ministry reassured stakeholders that any decisions regarding forward crude oil sales will be made with careful consideration and transparency.
