Private downstream oil marketing companies are now supplying nearly 20 million litres of petrol daily across Nigeria without financial backing from the Federal Government.

This is according to leaders of downstream oil marketing companies who met with federal government officials on Friday to review the outcomes of recent policy reforms.

Speaking on behalf of the delegation during the meeting at the Ministry of Finance in Abuja, Mr. Abdulkabir Adisa Aliu, Chief Executive Officer of Matrix Energy, said the feat marks a significant development in the evolution of Nigeria’s energy market. He said the private-led distribution system is functioning efficiently without recourse to public funds.

The meeting was convened by the Federal Government to assess the economic and operational impact of the downstream sector’s transition following the complete removal of petrol subsidies.

The discussions also covered fuel availability, exchange rate stabilisation, pricing dynamics, and the role of private investment in sustaining supply.

Mr. Yakubu Maishanu, Chairman/CEO of AYM Shafa Ltd, and Alhaji Auwalu Abdullahi Rano, CEO of A.A. Rano, were part of the delegation. They noted that the shift to a liberalised fuel pricing framework has attracted new capital and improved efficiencies across the fuel supply chain.

The marketers pledged continued support for ongoing sector reforms and assured the government of their commitment to sustaining steady fuel distribution. They called for clarity in regulatory frameworks to ensure that investment flows remain uninterrupted and that the market operates smoothly.

In line with Nigeria’s energy diversification objectives, the group said plans are underway to increase investments in Compressed Natural Gas (CNG) infrastructure. They aligned with the federal government’s strategy to reduce dependence on petrol and transition to cleaner energy alternatives as part of the broader energy transition plan.

Minister of Finance and Coordinating Minister of the Economy, Wale Edun, who received the marketers, commended their leadership during the post-subsidy transition period.

He said their contributions have been pivotal to ensuring energy security, enhancing supply chain resilience, and easing fiscal pressures on government resources.

Edun noted that the federal government is committed to maintaining a predictable policy environment that encourages private sector-led economic development, in line with President Bola Ahmed Tinubu’s Renewed Hope Agenda.

He added that sustained collaboration between the public and private sectors remains critical to building a robust, competitive, and inclusive energy industry that supports long-term economic growth.

The meeting is the latest in a series of engagements between the government and private sector stakeholders aimed at consolidating reform outcomes and positioning the downstream petroleum industry for long-term transformation.