BIG STORY

NPA Commences Coordination Of Crude Oil Sale To Dangote Refinery

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The Nigerian Ports Authority (NPA) has begun implementing the federal government’s directive to coordinate service provision for the sale of crude oil in naira to the Dangote refinery.

Abubakar Dantsoho, the NPA’s managing director, announced this during an inter-agency stakeholders meeting on the one-stop-shop (OSS) at the NPA headquarters in Lagos.

The initiative is aimed at ensuring the smooth sale of crude oil and involves collaboration with various stakeholders.

“We are poised to collaborate and provide the efficiencies necessary to deliver on this national imperative of ensuring the availability of premium motor spirit (PMS) and other petroleum products,” Dantsoho said.

The OSS team consists of representatives from several agencies, including the NPA, Nigerian Navy, Nigerian National Petroleum Company (NNPC) Limited, Dangote Group, Federal Inland Revenue Service (FIRS), Nigeria Customs Service (NCS), Nigerian Maritime Administration and Safety Agency (NIMASA), and the Nigeria Drug Law Enforcement Agency (NDLEA).

Maureen Ogbonna from the NPA marine and operations directorate serves as the committee’s focal person.

On July 29, the federal executive council (FEC) approved a proposal by President Bola Tinubu, directing the NNPC to sell crude oil to the Dangote Petroleum Refinery and other refineries in naira, with sales set to commence on October 1.

On September 30, Eche Idoko, publicity secretary of Crude Oil Refinery-owners Association of Nigeria (CORAN), said the sale will start with refineries producing petrol.

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