PRESIDENT TINUBU CONGRATULATES PRESIDENT LUIZ INÁCIO LULA DA SILVA ON RE-ELECTION, REAFFIRMS NIGERIA–BRAZIL PARTNERSHIP. (PHOTO). #PRESS RELEASE.

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 STATEHOUSE PRESS RELEASE PRESIDENT TINUBU CONGRATULATES PRESIDENT LUIZ INÁCIO LULA DA SILVA ON RE-ELECTION, REAFFIRMS NIGERIA–BRAZIL PARTNERSHIP I congratulate my friend, President Luiz Inácio Lula da Silva of Brazil, on his re-election for a record fourth term. Your renewed mandate offers an opportunity to strengthen the longstanding friendship and historical ties between Nigeria and Brazil. As two leading nations of the Global South, we can promote economic integration and advance our shared interests in a rapidly changing global order. I look forward to expanding cooperation in trade and investment, agriculture and food security, energy, oil and gas, manufacturing, science and technology, education, aviation, and cultural exchange. I affirm Nigeria's continued commitment to working with Brazil to strengthen multilateral cooperation and advance shared priorities in Africa, South America, and across the Global South. On behalf of the people of Nigeria, I wish you a successful new...
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FG ASSURES STEADY SUPPLY OF PETROLEUM PRODUCTS. (PHOTO).

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 FG assures Steady Supply of Petroleum Products


 The Federal Government has reaffirmed its commitment to ensuring a consistent supply of refined petroleum products nationwide, following a meeting of the Steering Committee of the Domestic Crude Oil and Refined Products Sales in Local Currency Initiative.


Chaired by the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, the meeting addressed recent concerns in the downstream oil sector, including a reported suspension of the Naira-for-crude oil arrangement with Dangote Refinery, which has now been resolved amicably. 


The committee also discussed issues raised by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) regarding the refinery.


Attendees included the Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu; the Chairman of the Federal Inland Revenue Service (FIRS), Mr. Zacch Adedeji, who chairs the Technical Committee; and representatives from the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Nigerian National Petroleum Company (NNPC) Ltd., Central Bank of Nigeria (CBN), Afreximbank, and Dangote Refinery.


 The committee assured Nigerians that there will be no disruption in the supply of petroleum products.


The government reiterated that the Naira-for-crude initiative will continue as planned. It also pledged to urgently resolve outstanding disputes, particularly between PENGASSAN and Dangote Refinery, in good faith.


The Federal Government emphasised its dedication to ensuring energy security, protecting consumers, and maintaining stability in the domestic petroleum market.

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