The Chairman of the Technical Sub-Committee on implementing the Federal Government’s policy on domestic sales of crude oil and refined products in Naira, Zacch Adedeji, has lauded the One-Stop-Shop (OSS) team led by the Nigerian Ports Authority (NPA) for ensuring the initiative’s smooth execution.
During a visit to the NPA Headquarters in Lagos on Thursday, Adedeji, who is also the Executive Chairman of the Federal Inland Revenue Service (FIRS), expressed gratitude to the OSS team for their pivotal role in the initiative. He described their efforts as a significant achievement reflecting patriotism and dedication.
“We recognize 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,” Adedeji stated.
In his response, NPA Managing Director Dr. Abubakar Dantsoho thanked Adedeji for his support and commended the Federal Government’s leadership in driving the initiative.
“This commendation can only spur us to do more in advancing this noble initiative. Let me seize this moment to specially appreciate the Honourable Minister of Marine & Blue Economy, Adegboyega Oyetola, for providing the leadership that catalyzed 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,” Dantsoho remarked.
Highlighting the benefits of the policy, Dantsoho noted that the initiative has saved the country billions of Naira, enhanced national energy security, improved trade balance, created jobs, and eradicated petroleum product scarcity and the perennial fuel queues.
This milestone coincides with the announcement by Dangote Petroleum Refinery of a reduction in the ex-depot price of Premium Motor Spirit (PMS) to N899.50 per litre.
The OSS team comprises representatives from key stakeholders, including the Nigerian Maritime Administration and Safety Agency (NIMASA), Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Nigerian Navy, Nigerian Export Processing Zone Authority (NEPZA), Nigeria Customs Service, Nigeria Immigration Service, Port Health Service, Nigeria National Petroleum Company (NNPC) Limited, and the National Drug Law Enforcement Agency (NDLEA). Private sector representatives such as Dangote Refineries Limited, the Depot and Petroleum Marketers Association of Nigeria (DAPMAN), Independent Petroleum Marketers Association of Nigeria (IPMAN), and Major Energies Marketers Association of Nigeria (MEMAN) are also part of the team.
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