- The Minister, who was represented by Deputy Director, Trade Relations, Idris Giwa said,” increasing our Gas export as the nation can no longer rely solely on oil revenue for our foreign exchange earnings”
Mr. Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, reaffirms the federal government’s dedication to collaborating with the Central Bank of Nigeria (CBN) in the export of crude oil and gas.
This disclosure was made during a one-day Sensitization Seminar on Nigerian Oil and Gas Exports in Kano, Kano State, as reported by Mrs. Helen Chukwu, Head of Press and Public Relations, Abuja, last night.
The Minister, who was represented by Deputy Director, Trade Relations, Idris Giwa said,” increasing our Gas export as the nation can no longer rely solely on oil revenue for our foreign exchange earnings.”
He hinted that the workshop was a platform to deepen the understanding of the evolving regulatory framework, share best practices, and foster collaboration among stakeholders.
According to him, the Federal Ministry of Finance was in collaboration with the CBN and the Ministry of Mines and Steel Development and have reached an advance stage in developing a distinct Miniral Export Guidelines aimed at complementing the determination of minerals’ quality for export purposes.
The draft Minimal Export Guidelines has been subjected to several reviews, where stakeholders buy- in and endorsements were obtained and incorporated.
He reiterated that the Ministry would continue to work tirelessly to finalize the draft document in line with existing laws and policies of Government for public use”.
According to the Minister, the completion of the Miniral Export Guidelines would necessitate the review of the Crude -Oil and Gas Export Guidelines to streamline the export process in a manner that would accommodate the perculiarity of the sector.
He stressed that the review would trigger a more self- reliant and sustaining environment performance of the Gas sector.
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