The Association of Nigerian Refineries Petroleum Marketers (ANRPM) has praised President Bola Tinubu on his second year in office, emphasizing the significant reforms in the oil sector and renewed efforts toward regional integration. The group commended the administration’s strategic direction, stating that it has bolstered investor confidence and laid a stronger foundation for sustainable economic development.
Among the key reforms highlighted were the removal of fuel subsidies and the restructuring of the foreign exchange system. According to ANRPM, these changes have enhanced transparency, reduced corruption, and aligned closely with the government’s broader goal of driving sustainable growth in the petroleum industry.
The association also welcomed the resolution of a 16-year impasse that delayed the launch of the Regional Maritime Development Bank. It noted Tinubu’s reaffirmed commitment to regional cooperation and maritime development as a crucial step in fostering broader economic collaboration across West Africa.
ANRPM further expressed support for recent innovations in the oil trade, such as the naira-for-crude initiative. The group said such mechanisms have begun transforming Nigeria’s oil monetisation strategy by improving local currency liquidity and reducing reliance on foreign exchange—a move they see as essential for stabilizing the economy.
In addition to supporting tax reforms aimed at reducing multiple taxation, ANRPM endorsed the creation of an independent tax ombudsman to protect small businesses and vulnerable taxpayers. As part of its organizational developments, the group announced new leadership appointments, including Judith Nwachukwu as national spokesperson and Joe Ogbodu as media and publicity officer.
Source: This day