NNPCL Ordered To Sell Crude To Dangote Refinery In Naira

Published 2024-07-30
The Federal Executive Council has directed the Nigerian National Petroleum Company Limited to sell crude oil to Dangote Refinery and other local refineries in naira and not in dollars.
The Chairman of the Federal Inland Revenue Service Zack Adedeji disclosed this after this week's federal executive council meeting chaired by President Bola Tinubu

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All Comments (10)
  • The extensive use of the dollar is putting too much pressure on the Nigerian economy so I completely support this initiative. The government also needs to take immediate measures to help "de-dollarise" the economy by banning all transactions in dollars within Nigeria. It's either you pay in naira or make a transfer in naira from your account. After the ban on naira spraying some economic saboteurs now do so in dollars. These should also be stopped immediately as it is also causing distress to the economy.
  • @musaadedibu9316
    A very good strategy, I pay it all goes well to impact the price significantly for the consumption of all Nigerians 🇳🇬 God Bless Nigeria 🇳🇬
  • @idowum
    It's heartening to see the Nigerian government supporting the Dangote refinery project, providing much-needed momentum for its success and numerous benefits for the nation. Aliko Dangote is a true Nigerian patriot who has invested heavily in our country's and Africa's future. Imagine the transformative impact if funds embezzled by past and current leaders had been invested in our nation's development! I deeply desire a better Nigeria, envisioning a nation where entrepreneurs like Dangote thrive. However, many lack trust in the government, hindering investment. To foster economic growth, the government must do more. May God bless and protect Dangote, and may God continue to bless and protect Nigeria and our brave service men and women.
  • @Norbert4ty5828
    Let’s see workings to be sure it’s not audio announcement. Until we see the effects on fuel price I reserve my celebration.
  • @eldios831
    Nigerians should not celebrate yet.....They are counting on political goodwill and Dangote goodwill.....