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NPA handles 57 vessels monthly under Naira -for- Crude sales initiative

–may surpass 600 vessels annual projection by Dangote
Funso OLOJO
The Managing Director of the Nigerian Ports Authority (NPA), Dr Abubakar Dantsoho, has affirmed the success of the Federal Government’s Naira- for – crude oil sale initiated to boost energy security and availability in the country.
Dantsoho, who was speaking recently when the President of Dangote Group, Alhaji Aliko Dangote, paid an appreciation visit to the agency over the success of the programme, said the Federal government on October 1st, 2024, established a One- Stop- shop (OSS) initiative to drive the Naira -for- Crude sales.
According to him, the OSS, which is domiciled and being coordinated by the NPA, has achieved a tremendous success to ensure availability of Petroleum products in the country.
Dantsoho revealed that under the OSS, the NPA handles an average of 57 vessels monthly that feed the Dangote Refinery with crude oil.
The Dangote Refinery,the NPA helmsman disclosed, was projecting 600 vessels per annum under this programme.
” By our monthly activities, we are likely to surpass the projection made by the Dangote Refinery” Dantsoho said.
He praised the leadership of the Minister of Marine and Blue Economy, Adegboyega Oyetola, whom he said has given the programme necessary guidance and instructions which he said have ensured the success recorded so far.
” Dangote came to NPA to show appreciation to the agency and the Federal government over the establishment of the One- stop- shop (OSS), which is being coordinated by the NPA under the guidance and direction of the Minister of Marine and Blue Economy, Adegboyega Oyetola as well as the Minister of Finance and the Head of the Committee in charge of Naira -for- Crude sales, that is, Mr Adedeji who is the Chairman of Federal Inland Revenue Service(FIRS).
” The initiative has contributed immensely to achieving efficiency on the areas of transactions and operations among Nigerian government agencies.”the NPA helmsman declared.
The Nigerian Ports Authority (NPA) is coordinating a One-Stop-Shop (OSS) initiative to streamline the sale and distribution of petroleum products in Naira, particularly for the Dangote Refinery.
This OSS involves various regulatory and security agencies, including the Nigerian Navy, NNPC Limited, FIRS, Customs, NIMASA, and NDLEA, to ensure a smooth and efficient process.
The NPA’s role is to coordinate these agencies and facilitate the sale of crude oil and petroleum products in Naira, as directed by the Federal Government.
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