President Tinubu has directed the Nigerian National Petroleum Company Limited, NNPCL, to conduct crude oil sales to Dangote Refinery in Naira.

 

President Tinubu has instructed the Nigerian National Petroleum Company Limited (NNPCL) to facilitate crude oil sales to Dangote Refinery in Naira. This directive marks a significant shift in the country's oil trading practices.

The decision to conduct crude oil sales in Naira to Dangote Refinery is aimed at promoting local currency transactions and supporting the growth of indigenous businesses in Nigeria's oil industry. This move is expected to have a positive impact on the local economy and strengthen the country's energy sector.

By directing NNPCL to sell crude oil to Dangote Refinery in Naira, President Tinubu is signaling a strategic move towards enhancing economic stability and fostering local investment in the oil and gas sector. This decision underscores the government's commitment to promoting self-sufficiency and boosting domestic refining capacity.