The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, met with key leaders from Nigeria’s downstream petroleum sector today to discuss ongoing energy reforms and to encourage increased investment in Compressed Natural Gas (CNG) infrastructure. The high-level meeting, which took place at the Federal Ministry of Finance in Abuja, included Mr. Abdulkabir Adisa Aliu, Chief Executive Officer of Matrix Energy, as well as Yakubu Maishanu, Chairman/CEO of AYM Shafa Ltd, and Alhaji Auwalu Abdullahi Rano, CEO of A.A. Rano.
During the session, the delegation reaffirmed its commitment to ensuring market stability, expanding private sector investment, and supporting the Nigerian government’s broader energy reform agenda. The discussions centred on the positive economic impact of recent policy measures, notably the successful elimination of petrol subsidies, enhanced domestic fuel supply, and improved exchange rate stability—all of which have contributed to a significant reduction in pump prices.
The marketers emphasized that their companies now supply nearly 20 million litres of petrol daily, all without placing any fiscal burden on the government. This achievement highlighted the vital role of the private sector in driving effective distribution and market operations.
In response, Minister Edun commended the delegation for their leadership, resilience, and crucial role in bolstering Nigeria’s energy security. He reaffirmed the government’s commitment to maintaining a stable and transparent policy environment that fosters private investment and facilitates inclusive development.
The engagement also underscored the sector’s collective push to increase investment in CNG infrastructure, which aligns with Nigeria’s energy transition goals. The delegation welcomed the government’s supportive stance and urged for continued policy clarity to ensure sustained investor confidence and smooth market operations.
“This partnership between public and private sectors is key to creating a competitive, resilient, and forward-thinking energy market,” Edun noted, aligning with President Bola Ahmed Tinubu’s Renewed Hope Agenda.
This meeting marks a significant step in deepening the cooperation between the government and energy sector leaders to achieve a sustainable and diversified energy future for Nigeria.
