Abuja, Nigeria – June 11, 2025
The Federal Government has responded to recent media reports regarding a potential forward sale of crude oil by the Nigerian National Petroleum Company Limited (NNPC Ltd), clarifying that no final decision has been made on the matter.
In a statement issued by the Director of Information and Public Relations at the Federal Ministry of Finance, Mohammed Manga, the government acknowledged the ongoing discussions and public speculation but emphasized that any suggestions of the deal’s collapse are unfounded.
“The Federal Government remains committed to transparent and fiscally responsible strategies aimed at optimizing Nigeria’s oil assets,” the statement read. “These initiatives are part of broader economic reforms designed to boost external liquidity and enhance macroeconomic stability.”
While reaffirming its focus on innovative financing mechanisms, the government urged the public and stakeholders to await official announcements rather than rely on speculative reports.
The forward sale arrangement, if finalized, is expected to support Nigeria’s ongoing economic recovery efforts and strengthen the country’s fiscal framework.
