The Federal Government of Nigeria FG is aware of recent media reports concerning a potential forward sale of crude oil involving the Nigerian National Petroleum Company Limited (NNPC Ltd).
In a statement Signed by Director, Information and Public Relations
federal ministry of finance Mohammed Manga made available to newsmen.
Nigeria Pushes Forward with Crude Sales in Naira Initiative
He explained that, while market speculation is not uncommon in the context of ongoing economic reforms and transactions, no final decision has been announced by the Government, and commentary suggesting the collapse of any such initiative is unfounded.
Nigeria Pushes Forward with Crude Sales in Naira Initiative
Manga pointed out that, the Government remains focused on deploying a range of innovative, transparent, and fiscally responsible financing strategies to optimise Nigeria’s oil assets, improve external liquidity, and strengthen macroeconomic stability.
