….Reaffirms Commitment to Transparent, Responsible Financing
The Federal Government has refuted recent media reports suggesting that a proposed forward sale of crude oil by the Nigerian National Petroleum Company Limited (NNPC Ltd) has collapsed.
In a statement issued on Tuesday by the Federal Ministry of Finance, the government clarified that no final decision has been reached regarding any forward crude oil sale transaction. It described current reports as speculative and unsubstantiated.
“While market speculation is not uncommon in the context of ongoing economic reforms and transactions, no final decision has been announced by the Government, and commentary suggesting the collapse of any such initiative is unfounded,” the statement read.
The Ministry emphasised that the Federal Government remains committed to adopting innovative, transparent, and fiscally responsible strategies to maximise the value of Nigeria’s oil assets, enhance external liquidity, and support macroeconomic stability.
The statement was signed by Mohammed Manga, Director of Information and Public Relations.
