The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, today received a high-level delegation from Nigeria’s downstream petroleum sector, led by our Chief Executive Officer, Engr. Abdulkabir Adisa Aliu, FNSE.
The delegation also included industry leaders Mr. Yakubu Maishanu, Chairman/CEO of AYM Shafa Ltd, and Alhaji Auwalu Abdullahi Rano, CEO of A.A. Rano. The group jointly reaffirmed its commitment to market stability, increased private investment, and ongoing support for the federal government’s energy reform agenda.
Discussions highlighted the visible economic gains from recent policy actions, particularly the transition away from petrol subsidies, enhanced local supply, improved exchange rate stability, and reduced pump prices. Collectively, these companies now supply nearly 20 million litres of petrol daily without any fiscal burden on the government, demonstrating the strength of private sector-driven distribution.
The delegation praised the government’s supportive policy direction and emphasized the need for continued policy clarity to boost investor confidence and sustain efficient market operations. In alignment with Nigeria’s energy transition goals, the team also reiterated its strong commitment to scaling up investment in Compressed Natural Gas (CNG) infrastructure.
HM Wale Edun commended the delegation for its leadership, resilience, and key role in ensuring national energy security. He reaffirmed the federal government’s commitment to fostering a stable and attractive policy environment that supports private investment and inclusive economic growth, in line with President Bola Ahmed Tinubu’s Renewed Hope Agenda.
This engagement marks another step forward in strengthening public-private partnerships toward building a resilient, competitive, and future-ready energy sector for Nigeria.
As originally shared by the Federal Ministry of Finance on their official X page.
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