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By Safiyat Muhammed | The Bureau Information
Abuja | June 26, 2025
The Nigeria Export Processing Zones Authority (NEPZA), the One-Cease-Store Committee on the Sale of Crude in Naira, and the Dangote Refinery & Petrochemicals Free Zone Enterprises have collectively pledged their dedication to adjust to the presidential directive on decreasing the home costs of petroleum merchandise The Bureau Newspaper reviews.
This transfer goals to spice up nationwide power safety and speed up financial development by eliminating dollar-based crude gross sales in native transactions.
The decision was reached throughout a courtesy go to by members of the committee to NEPZA’s Managing Director, Dr. Olufemi Ogunyemi, in Abuja, the place all stakeholders agreed to align their operations towards executing the brand new power coverage directive.
 Dangote Refinery Known as a Nationwide Asset
Dr. Ogunyemi expressed confidence within the president’s imaginative and prescient and affirmed NEPZA’s willingness to collaborate carefully with the committee to ship on the reform agenda.
“Apparently, the Authority supervised the development of the extremely celebrated Dangote Refinery from inception to commissioning, making it successful story for us,” Ogunyemi famous.
He additional highlighted that the refinery, which operates below the Free Commerce Zone Scheme, has to date acquired 480 vessels and commenced full operations, producing petrol, diesel, aviation jet gasoline, and different petroleum merchandise for each native and export markets.
“The sale of crude in naira will get rid of the native foreign money’s vulnerability to greenback fluctuations,” he added, reaffirming that NEPZA sees the refinery as a “shining star” in implementing the crude pricing reform.
 Stakeholders Align on Imaginative and prescient
The committee’s coordinator, Ms. Maureen Ogbonna, described the initiative as a key intervention of the president to reposition the financial system. “It’s only a matter of time earlier than we transfer totally away from billing home crude in {dollars},” she mentioned.
She additionally confirmed that the coverage is already yielding outcomes, crediting political will and stakeholder cooperation for its early traction.
 Dangote Refinery Commits to Nationwide Development
Representing Dangote Refinery, Mr. Akinsanya Mobolarin, the Basic Supervisor of Engineering/Strategic Providers, reaffirmed Aliko Dangote’s dedication to nationwide growth.
“The coverage, when totally applied, will drive substantial development in Nigeria’s power and industrial sectors. The refinery is totally onboard to help this transition,” he emphasised.
The stakeholders unanimously pledged to take care of synergy in executing the presidential directive and attaining sustainable power affordability for all Nigerians.
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