Wale Edun, Minister of Finance and Coordinating Minister of the EconomyThe Federal government says it started sales of crude oil in naira on October 1.
Wale Edun, minister of finance and coordinating minister for the economy, disclosed this in a statement on Saturday.
President Bola Tinubu had directed the sales of crude oil to Dangote and other refiners in naira with a view to bringing down the cost of petrol.
“Nigeria has officially commenced the sale of crude oil and refined petroleum products in Naira,” Edun said.
He said the strategic initiative would foster economic growth, stability, and self-sufficiency, especially as the country continues to navigate the complexities of global markets...
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