Finance Minister: Government-Private Sector Partnership Achieves Market Stability and Secures Strategic Commodities
Finance Minister Dr. Jibril Ibrahim affirmed that strengthening the partnership between the government and the private sector is a fundamental pillar for securing strategic commodities, ensuring market stability, and meeting the needs of citizens and productive sectors, thereby supporting economic stability and bolstering development efforts.
During his meeting with the head and members of the National Chambers of Commerce Federation at the Ministry headquarters yesterday (Tuesday), Jibril discussed ways to enhance cooperation and coordination between the government and the national private sector, and the role of the commercial sector in supporting the state’s efforts to ensure the continuity of supply and meet the needs of the local market for goods.
The Minister emphasized the government’s commitment to facilitating the import of petroleum products, ensuring their availability and price stability, given their vital importance in meeting citizens’ needs, supporting productive and industrial sectors, and enhancing the stability of electricity supplies.
He emphasized the importance of integrating the roles of the government and the national private sector to achieve general economic goals, consider the interests of consumers and suppliers, and contribute to increasing the efficiency of supply chains and improving market stability.
Jibril pointed to the importance of continued coordination with the private sector in implementing policies and programs aimed at enhancing the availability of strategic goods. He also noted the government’s commitment to creating a supportive economic environment for partnership and investment, serving the interests of citizens and supporting economic activity in the country.
For his part, Ali Salah, Chairman of the Federation of National Chambers of Commerce, affirmed the private sector’s commitment to fully playing its role in coordinating with government agencies and implementing the state’s directives related to securing the country’s needs for petroleum products and ensuring the continuity of supply.
Salah pledged to continue the commercial sector’s efforts to support market stability and enhance cooperation with relevant entities. He expressed his expectation that global petroleum prices would decrease in the coming period, positively impacting citizens and the local market.
Both sides emphasized the importance of continuing coordination and developing the partnership between the government and the private sector to contribute to strengthening supply stability, improving market efficiency, supporting economic stability, and achieving the public interest.