The President and Chief Executive Officer of Dangote Industries Limited, Alhaji Aliko Dangote, has commended the Nigerian Ports Authority (NPA) for its pivotal role in implementing the Federal Government’s directive on the domestic sale of crude oil and refined petroleum products in naira.
The endorsement came as Dangote donated a brand-new coaster bus to the One-Stop-Shop (OSS) Committee to facilitate its day-to-day operations and improve logistical efficiency in implementing the initiative.
In a statement released by the NPA on Tuesday, Dangote expressed appreciation for the OSS Committee’s efforts, stressing that the group has made significant progress in enforcing the Federal Government’s crude oil monetisation reforms, which mandate that domestic oil transactions be conducted in the local currency.
The donation was accompanied by a letter signed by Aliko Dangote himself. In it, the industrialist reaffirmed his commitment to ensuring the long-term success of the programme and the committee charged with executing it.
“In recognition of the enormous responsibility placed on the shoulders of the One Stop Shop by the President and Commander-in-Chief of the Armed Forces, and our commitment to ensuring the committee delivers on its mandate, I am pleased to donate to the committee one brand-new coaster bus to facilitate the daily discharge of their operations,” the letter read.
Dangote further emphasized the importance of collective support for national economic reforms, adding that his organisation would continue to explore other avenues to reinforce the committee’s work and encourage wider industry participation.
This development follows recent remarks by Zacch Adedeji, Chairman of the Technical Sub-Committee overseeing the implementation of the naira-based crude oil sales policy. During a recent courtesy visit to the NPA leadership, Adedeji commended the authority for its “pivotal role in ensuring the smooth rollout” of the directive.
“We recognise that this pioneering effort is a significant achievement and no doubt reflects your commitment and patriotism,” Adedeji stated. “We encourage you to maintain the hard work and dedication that has made this initiative a success. We also extend our gratitude to all participating agencies for their invaluable cooperation and support.”
The initiative aligns with President Bola Tinubu’s broader economic agenda aimed at deepening the use of the naira, reducing dependence on foreign exchange for oil transactions, and boosting value retention within the local economy.
Analysts see Dangote’s public backing as strategic, particularly as the Dangote Petroleum Refinery—Africa’s largest—prepares to ramp up operations and source its crude feedstock domestically. The refinery, with a nameplate capacity of 650,000 barrels per day, is positioned to benefit directly from policies that prioritise local crude allocation and reduce reliance on costly dollar-denominated imports.
With Nigeria historically selling most of its crude in dollars, the move toward domestic currency transactions is expected to enhance liquidity, stabilise exchange rates, and strengthen fiscal buffers.
Energy sector stakeholders have applauded the Dangote Group’s visible endorsement of the policy and its tangible support for implementation mechanisms. Experts say this level of private sector collaboration is crucial to the policy’s success, particularly in terms of logistics, transparency, and compliance enforcement.
The donated bus is expected to enhance the OSS Committee’s field capacity as it coordinates operations across Nigeria’s ports, depots, and terminals involved in domestic crude and refined product distribution.
This intervention also signals growing industry alignment behind Nigeria’s plan to cut fuel imports, maximise local refining, and fully commercialise downstream assets under a framework driven by local content and national currency-based trade.