Private oil marketers in Nigeria are now supplying almost 20 million litres of petrol every day — all without any financial support from the Federal Government.

This major shift was revealed during a meeting in Abuja between top petroleum marketers and officials from the Ministry of Finance to discuss how the industry is adjusting after the removal of fuel subsidy.

Speaking for the marketers, Mr. Abdulkabir Adisa Aliu, CEO of Matrix Energy, described the development as a big step forward for Nigeria’s energy market.

“We’re now running the fuel supply system efficiently on our own — no government funds involved,” he said.

Others in attendance included Mr. Yakubu Maishanu, CEO of AYM Shafa Ltd, and Alhaji Auwalu Abdullahi Rano, CEO of A.A. Rano. They praised the government’s decision to fully deregulate fuel prices, saying it has encouraged new investments and made fuel delivery more efficient.

The marketers also pledged continued support for the reforms and asked for clear regulations to help attract more investors and keep the market stable.

Focus Shifts to Cleaner Energy

In line with the government’s push for energy diversification, the group revealed that they are also working on expanding Compressed Natural Gas (CNG) infrastructure, which offers a cleaner and more sustainable alternative to petrol.

Government Reacts

Minister of Finance, Wale Edun, thanked the marketers for their role in keeping fuel available and stabilizing the market since the removal of subsidy.

“You’ve helped ease the pressure on public funds and kept the nation running smoothly,” he said.

Edun added that the government remains committed to policies that support private sector growth and create a stable environment for businesses to thrive — all in line with President Tinubu’s Renewed Hope Agenda.

This meeting is part of ongoing discussions to ensure that reforms in the petroleum sector are sustainable and beneficial to both the economy and Nigerian citizens.