FEDERAL MINISTRY OF FINANCE, ABUJA<\/p>\n
PRESS RELEASE<\/p>\n
*CME Meets Downstream Leaders to Deepen Energy Reforms and Drive Investment in CNG<\/b><\/p>\n
The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun today received a high-level delegation from Nigeria\u2019s downstream petroleum sector, led by Mr. Abdulkabir Adisa Aliu, Chief Executive Officer of Matrix Energy.<\/p>\n
The delegation also included Yakubu Maishanu, Chairman\/CEO of AYM Shafa Ltd, and Alhaji Auwalu Abdullahi Rano, CEO of A.A. Rano. Together, the group reaffirmed its commitment to market stability, expanded private investment, and continued support for the federal government\u2019s reform agenda.<\/p>\n
Discussions focused on the visible economic impact of recent policy measures, including the successful transition away from petrol subsidies, enhanced domestic supply, improved exchange rate stability, and a notable reduction in pump prices. The marketers noted that collectively, their companies now supply nearly 20 million litres of petrol daily\u2014without fiscal burden on the government\u2014underscoring the effectiveness of private sector-led distribution.<\/p>\n
The delegation welcomed the government\u2019s supportive policy stance and encouraged continued clarity to further strengthen investor confidence and ensure smooth market operations. They also reiterated their commitment to accelerating investment in Compressed Natural Gas (CNG) infrastructure, in line with national energy transition goals.<\/p>\n
HM Edun commended the downstream operators for their leadership and resilience, acknowledging their critical role in ensuring energy security and supporting sustainable growth. He reaffirmed the federal government\u2019s commitment to fostering a stable policy environment that encourages private investment and drives inclusive development in alignment with President Bola Ahmed Tinubu\u2019s Renewed Hope Agenda.<\/p>\n
This engagement reflects the deepening partnership between public and private sector actors in delivering a more competitive, resilient, and forward-looking energy market for all Nigerians.<\/p>\n
Signed
\nMohammed Manga *FCAI<\/b>*
\nDirector, Information and Public Relations
\nJune 20, 2025<\/p>\n
www.finance.gov.ng<\/p>\n","protected":false},"excerpt":{"rendered":"
FEDERAL MINISTRY OF FINANCE, ABUJA PRESS RELEASE *CME Meets Downstream Leaders to Deepen Energy Reforms and Drive Investment in CNG The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun today received a high-level delegation from Nigeria\u2019s downstream petroleum sector, led by Mr. Abdulkabir Adisa Aliu, Chief Executive Officer of Matrix […]<\/p>\n","protected":false},"author":4,"featured_media":146551,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[79,5,105],"tags":[1450,1452,1451,1453],"class_list":{"0":"post-146550","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"category-finance","9":"category-oil-gas","10":"tag-cme","11":"tag-deepen","12":"tag-downstream-lesders","13":"tag-energy-reforms"},"yoast_head":"\n