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Home»Business»FG Clarifies Position On Naira For Crude With Dangote
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FG Clarifies Position On Naira For Crude With Dangote

Candid ReportersBy Candid ReportersApril 9, 2025No Comments1 Min Read
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The Federal Government says its naira-for-crude initiative with local refineries is not a temporary measure but a “key policy directive designed to support sustainable local refining”.

The government also said the initiative is still in effect and will continue immediately, overruling the decision of the decision of the NNPCL under its former boss Mele Kyari which tenured the initiative.

The Minister of Finance Wale Edun at a meeting with representatives of the Dangote Refinery on Tuesday said the naira-for-crude is still in effect.

READ MORE:  Hon. Chukwudi Apugo Empowers 17 Youths With N300,000 Each in His Community
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