The Technical Sub-Committee on the Naira-for-Crude Policy met on Thursday at the Ministry of Finance Headquarters in Abuja to assess developments and reaffirm commitments to the policy framework, a senior government official told
The source, who spoke on condition of anonymity as he was not authorised to speak publicly on the matter, said the meeting had in attendance the Minister of Finance and Coordinating Minister of the Economy, Wale Edun (who joined virtually), the Executive Chairman of the Federal Inland Revenue Service, Dr Zacch Adedeji, the Chief Financial Officer of the Nigerian National Petroleum Company, and the Executive Commissioner of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (who also joined virtually).
Others were the Special Adviser to the Minister, Nana Ibrahim, the Coordinator of NNPC Refineries, as well as representatives from the Nigerian Upstream Petroleum Regulatory Commission, the Central Bank of Nigeria, Dangote Petroleum Refinery, and NNPC Trading Ltd.
According to the source, the NNPC presented a crude delivery report detailing the volume of crude oil allocated for domestic refining under the policy.