The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun today received a high-level delegation from Nigeria’s downstream petroleum sector, led by Mr. Abdulkabir Adisa Aliu, Chief Executive Officer of Matrix Energy.

The delegation also included Yakubu Maishanu, Chairman/CEO of AYM Shafa Ltd, and Alhaji Auwalu Abdullahi Rano, CEO of A.A. Rano. Together, the group reaffirmed its commitment to market stability, expanded private investment, and continued support for the federal government’s reform agenda.

Discussions focused on the visible economic impact of recent policy measures, including the successful transition away from petrol subsidies, enhanced domestic supply, improved exchange rate stability, and a notable reduction in pump prices. The marketers noted that collectively, their companies now supply nearly 20 million litres of petrol daily—without fiscal burden on the government—underscoring the effectiveness of private sector-led distribution.

The delegation welcomed the government’s supportive policy stance and encouraged continued clarity to further strengthen investor confidence and ensure smooth market operations. They also reiterated their commitment to accelerating investment in Compressed Natural Gas (CNG) infrastructure, in line with national energy transition goals.

HM Edun commended the downstream operators for their leadership and resilience, acknowledging their critical role in ensuring energy security and supporting sustainable growth. He reaffirmed the federal government’s commitment to fostering a stable policy environment that encourages private investment and drives inclusive development in alignment with President Bola Ahmed Tinubu’s Renewed Hope Agenda.

This engagement reflects the deepening partnership between public and private sector actors in delivering a more competitive, resilient, and forward-looking energy market for all Nigerians.

In a significant step towards strengthening Nigeria’s economy and achieving sustainable growth and development, the Federal Government has launched the Revenue Optimization and Assurance Project (REV-OP). This strategic initiative aims to address revenue leakages, enhance transparency, and drive economic development. 

The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun officially unveiled the project, a flagship initiative designed to strengthen Nigeria’s public financial management and revenue systems when he chaired a high-level session today in his office in Abuja.

The REV-OP initiative introduces a bold new framework grounded in transparency, efficiency, and digital transformation. *This is not a rebrand, but a clean break,* the Minister stated. He added that the project *marks the start of a more secure and accountable financial future for Nigeria.* 

The session brought together representatives from the Federal Inland Revenue Service (FIRS), the Central Bank of Nigeria (CBN), and the Office of the Accountant General, alongside key private-sector technology partners.

To ensure robust oversight and delivery, a two-tier governance structure has been established, comprising a Steering Committee and a dedicated Project Management Team, with daily coordination meetings to drive momentum and execution. This structure is expected to enhance accountability, facilitate effective decision-making, and ensure timely implementation of project objectives. 

The REV-OP initiative aligns closely with President Bola Ahmed Tinubu’s economic vision to increase domestic revenue, plug leakages, and build a stable, investor-friendly fiscal environment.

As Nigeria embarks on this transformative journey, the Revenue Optimization and Assurance Project is poised to drive economic growth, improve revenue collection, and enhance transparency in public financial management. With REV-OP, the Federal Government is committed to building a more prosperous and sustainable future for the nation.

The Federal Government has welcomed Shell’s renewed commitment to Nigeria’s energy sector, with the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, expressing optimism about the company’s investments in the country 

Receiving a senior delegation from Shell Petroleum Development Company (SPDC) Nigeria Limited, led by the Managing Director and Country Chair, Mr. Osagie Okunbor, today in his office in Abuja, HM Edun, applauded Shell’s continued contributions to Nigeria’s economic development. 

He reaffirmed the President Bola Ahmed Tinubu Administration’s commitment to sustaining macro-economic reforms, attracting long-term capital, and ensuring a transparent and investor-friendly environment for domestic and global partners.

Members of the delegation who visited the Minister included Mr. Marno De-Jong, the incoming Chairman of Shell Nigeria Exploration and Production Company (SNEPCo) and Executive Vice President for Nigeria. The visit served to formally introduce Mr. De-Jong and reaffirm Shell’s strategic commitment to Nigeria, following recent economic reforms under the administration of President Bola Ahmed Tinubu.

Shell confirmed its capital investment in the Bonga North deep-water project and associated infrastructure—part of a broader $5 billion commitment—marking the company’s first major project of its kind in Nigeria in over a decade. The delegation also highlighted Shell’s recent acquisition of TotalEnergies’ stake in OML 118, a transaction valued at $500 million, which further strengthens its long-term position in Nigeria’s oil and gas sector.

The leadership attributed its renewed momentum to improved policy coherence, greater regulatory certainty, and the government’s efforts to address legacy challenges related to local content implementation.

The visit signals growing international investor confidence in Nigeria’s policy direction and reinforces the role of the private sector in driving inclusive growth and energy security.