By Steve Agbota
The Chairman of the 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.
Speaking during his visit to the NPA Headquarters on Thursday, Adedeji, who is also the Executive Chairman of the Federal Inland Revenue Service (FIRS), thanked the team 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.”
Adedeji said: “We recognise that this pioneering effort is a significant achievement, and no doubt reflects your commitment and patriotism.
“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.”
Responding to the development, the Managing Director of the Nigerian Ports Authority (NPA), Dr Abubakar Dantsoho, said: “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 and 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,” he said.
With the success of this audacious initiative to sell crude oil 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, deepened the balance of trade, created jobs, and sustainably ended the scarcity of petroleum products and the excruciating queues that previously characterised the yuletide season.
This development follows 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:
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
Nigerian National Petroleum Corporation (NNPC) Ltd.
National Drug Law Enforcement Agency
Dangote Refineries Ltd.
Depot and Petroleum Marketers Association of Nigeria (DAPMAN)
Independent Petroleum Marketers Association of Nigeria (IPMAN)
Major Energies Marketers Association of Nigeria (MEMAN)
These organisations constitute the OSS team.
