In a major push to consolidate energy sector reforms, Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, on Thursday met with top leaders of the downstream petroleum industry to chart a path for deeper collaboration and accelerated investment in Compressed Natural Gas (CNG).
The delegation, led by Mr. Abdulkabir Adisa Aliu, CEO of Matrix Energy, included major industry players such as Alhaji Yakubu Maishanu, Chairman/CEO of AYM Shafa Ltd, and Alhaji Auwalu Abdullahi Rano, CEO of A.A. Rano. Together, they represent a significant share of Nigeria’s fuel supply and distribution network.
Director of Information and Public Relations, Mohammed Manga in a statement indicated that the meeting focused on evaluating the positive ripple effects of the federal government’s ongoing reforms, particularly the removal of petrol subsidies, improved foreign exchange stability, and the resultant decline in pump prices.
The marketers disclosed that their combined operations now supply nearly 20 million litres of petrol daily—entirely through private funding—marking a historic shift in Nigeria’s fuel economy.
“This is a remarkable example of market efficiency and private sector resilience,” Edun noted during the meeting. “What we are witnessing is a testament to the Renewed Hope Agenda of President Bola Tinubu—placing trust in the private sector to drive sustainable growth.”
The downstream leaders welcomed the administration’s reform momentum and called for continued policy consistency to boost investor confidence. They also pledged to intensify investments in CNG infrastructure as part of Nigeria’s long-term transition to cleaner and more affordable energy sources.
Mr. Edun commended the stakeholders for their steadfast contributions to national energy security and economic stability, describing them as “critical enablers of reform success.”
“This partnership between government and business is not just vital—it is transformational. We are committed to fostering the policy environment that will unlock even more investments across the energy value chain,” he said.
The meeting is indicative of a deepening alliance between the public and private sectors as Nigeria works to build a resilient, competitive, and forward-looking energy market fit for the 21st century.