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FG Partners CBN In Gas Exports Value Chain

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The Minister of Finance and Coordinating Minister of the Economy, Wale Edun has reiterated Federal government’s commitment to partner with the Central Bank of Nigeria (CBN) in the Crude -Oil and Gas export.

The partnership is aimed to mitigate the present economic realities on key Government policies of boosting domestic production and diversifying the export base of the Economy to positively impact on the sector

Edun made the disclosure during a one -Day Sensitization Seminar on the Nigerian Oil and Gas Exports, with the theme,”Unlocking the Potentials of the Nigeria Gas Exports” A Gateway to Sustainable Economic Development today, in Kano State.

The Minister, who was represented by Deputy Director, Trade Relations, Idris Giwa stated that increasing Gas export was the way forward, as the nation could no longer rely solely on oil revenue for it’s foreign exchange earnings.

He hinted that the workshop serves as a platform to deepen the understanding of the evolving regulatory framework, share best practices, and foster collaboration among stakeholders.

According to him, presently the Federal Ministry of Finance, is in collaboration with the CBN and the Ministry of Mines and Steel Development and have reached an advance stage in developing a distinct Mineral Export Guidelines aimed at complementing the determination of Mineral’s quantity, quality and value for export purposes.

Edun solicited the co-operation of all Stakeholders to play by the rules in order to achieve the much desired efficiency and effectiveness in trading across borders.

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