President Tinubu Directs NNPCL To Sell Crude Oil To Dangote in Naira

Published 2024-07-29
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 (9)
  • @Jeanboise1
    Following this from the Caribbean. I am not sure if it because of the planned protest, but for the first time I have seen Tinubu taken such an important national interest decision. A Win For Nigerians, a win for Dangote is a win for Africa and win for the Caribbean and all melanin people. Its time we champion a strong Pan Africanist movement. Sacrificing and entire country on arbitrary tribal superiority is just foolish. Black should be brothers period. We need to put country first over foreign and that of local corrupt entities.
  • @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.
  • @michaeludeze8470
    So, how did Tinubu suddenly realized that this is the right thing to do? Didn't they say locally refined crude is inferior? Is it or is not? Which one? The government has already spent $4 billion to resuscitate broken oil refineries. Yet, the refineries are no where operational. The truth is that Nigerian Government never wanted to refine crude oil locally. How can 4 refineries be down at the time. And why are they all being fixed at once? They want to be shipping crude oil to their refineries abroad. And then sell back fuel to Nigeria. That is why they have been sabotaging Dangote. Nigerian government is the chief saboteur. When we tell foreigners that Nigerian Government is the force holding back Nigeria's greatness, they don't understand what we are saying. The only successful Nigerian sectors are the ones Nigeria's Government is not involved.
  • @lubsey
    Well done tinubu. Let’s goooo
  • @suntanglory
    Protest is already achieving it aim but no going back....We want to see more positive action on ground.