- No decision Reached Yet
The Nigerian government on Wednesday restated its commitment to the Forward Crude oil sales, even though no decision has been reached yet or made public.
The government’s clarification came on the heels of a media report alleging that policy direction of the government has collapsed.
A statement titled ‘Press Statement on Forward Crude Oil Sale Reports” dated June 11, 2025, signed by Mohammed Manga, Director, Information and Public Relations, Federal Ministry of Finance Abuja, and made available to our correspondent, clarified that “no final decision has been announced by the Government, and commentary suggesting the collapse of any such initiative is unfounded”.
The Ministry of Finance (MOFI) stated in the release that “The Federal Government of Nigeria is aware of recent media reports concerning a potential forward sale of crude oil involving the Nigerian National Petroleum Company Limited (NNPC Ltd).”
Tit added that, 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 Government remains focused on deploying a range of innovative, transparent, and fiscally responsible financing strategies to optimise Nigeria’s oil assets, im- prove external liquidity, and strengthen macroeconomic stability.”
Leave a Reply
Leave a Reply
