The Federal Government has dismissed recent media reports suggesting the collapse of a proposed forward sale of crude oil involving the Nigerian National Petroleum Company Limited (NNPC Ltd).
In a press statement released on Tuesday by the Federal Ministry of Finance, the government clarified that no final decision has been made on any forward sale deal and described the reports as speculative and unfounded.
“While market speculation is not uncommon in the context of ongoing economic reforms and transactions, no final decision has been announced by the Government, and commentary suggesting the collapse of any such initiative is unfounded,” the statement read.
Signed by Mohammed Manga, Director of Information and Public Relations at the ministry, the statement reaffirmed the Federal Government’s commitment to implementing innovative, transparent, and fiscally responsible financing strategies to maximise Nigeria’s oil assets, improve external liquidity, and stabilise the macroeconomic environment.
The government urged the public and media outlets to await official updates and refrain from circulating unverified information.
For further details, visit: finance.gov.ng
