President Bola Ahmed Tinubu recently convened a meeting at Aso Rock with key stakeholders to discuss the implementation of selling crude oil and refined products in naira. The committee included prominent figures such as Aliko Dangote, President of Dangote Group, and Mele Kyari, CEO of Nigerian National Petroleum Company Limited (NNPCL). Additionally, government officials like Finance Minister Wale Edun, FIRS Chairman Zacch Adedeji, and CBN Governor Yemi Cardoso were also present at the session.
The primary focus of the meeting was on developing strategies for local refineries to purchase crude oil in naira, a significant initiative spearheaded by President Tinubu and supported by Dangote’s investment in a new refinery. Finance Minister Edun confirmed that the discussions were productive and highlighted the stakeholders’ dedication to overcoming any obstacles and ensuring the long-term success of the policy.
The meeting was crucial in fostering collaboration between the public and private sectors to drive economic growth and promote the use of the national currency in the oil industry. With the commitment of key players like Dangote and government officials, the implementation of selling crude oil in naira is poised to bring about positive changes in the sector.
Overall, the gathering emphasized the importance of cooperation and innovation in advancing Nigeria’s oil and gas industry for the benefit of the country’s economy and its citizens. President Tinubu’s leadership and the collective efforts of all stakeholders are essential in achieving sustainable development and progress in the sector.
