The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has received firm assurances from key players in Nigeria’s downstream petroleum sector of their continued support for market stability, expanded investment, and alignment with the federal government’s ongoing economic reforms.
At a meeting held in Abuja on Thursday, Mr. Edun hosted a high-powered delegation led by Mr. Abdulkabir Adisa Aliu, Chief Executive Officer of Matrix Energy. The delegation also included Mr. Yakubu Maishanu, Chairman/CEO of AYM Shafa Ltd, and Alhaji Auwalu Abdullahi Rano, CEO of A.A. Rano—all influential players in Nigeria’s fuel distribution space.
During the meeting, the industry leaders highlighted the positive effects of recent policy reforms, particularly the removal of petrol subsidies, enhanced domestic fuel availability, a stabilising exchange rate, and a noticeable reduction in pump prices. According to them, the private sector is now supplying nearly 20 million litres of petrol daily—entirely without fiscal support from the government. This, they noted, demonstrates the strength and viability of private sector-led fuel distribution.
The marketers applauded the government’s enabling policy environment and called for continued policy clarity to bolster investor confidence and ensure smooth operations. They also reaffirmed their commitment to advancing investments in Compressed Natural Gas (CNG) infrastructure, a critical step in Nigeria’s transition to cleaner and more sustainable energy sources.
In his remarks, Mr. Edun commended the downstream operators for their resilience and leadership in ensuring uninterrupted fuel supply across the country. He assured them of the federal government’s commitment to sustaining a stable policy framework that attracts private investment and promotes inclusive economic growth in line with President Bola Ahmed Tinubu’s Renewed Hope Agenda.
The meeting underscored the growing synergy between government and private sector stakeholders in building a more resilient, competitive, and future-ready energy market for Nigeria.
