Federal Government Clarifies Position on NNPC Forward Crude Oil Sale Speculation
The Federal Government has issued an official clarification regarding recent media speculation about potential forward crude oil sales involving the Nigerian National Petroleum Company Limited (NNPC Ltd), emphasizing that no final decisions have been announced.
Mohammed Manga, Director of Information and Public Relations at the Federal Ministry of Finance, stated that while market speculation is common during ongoing economic reforms, commentary suggesting the collapse of any such initiative is entirely unfounded. The government remains committed to exploring innovative, transparent, and fiscally responsible financing strategies.
The clarification comes amid industry uncertainty about Nigeria’s crude oil marketing strategies and potential long-term supply commitments. Government officials stressed their focus on deploying various approaches to optimize Nigeria’s oil assets, improve external liquidity, and strengthen overall macroeconomic stability.
Source: orientalnewsng.com