According to the Federal Ministry of Finance: “The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, briefed the press following a meeting with President Tinubu, highlighting the progress of Nigeria’s transformative initiative to sell crude oil to local refiners, who then sell refined products in Naira.
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| Federal Ministry of Finance |
“With Dangote’s 650,000 bpd refinery setting the pace, this approach ensures market-driven pricing for both petroleum and foreign exchange, fuelling private investment, economic growth and job creation.
Nigeria is now taking important steps along the path to industrialisation and modernisation.”
The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, briefed the press following a meeting with President Tinubu, highlighting the progress of Nigeria’s transformative initiative to sell crude oil to local refiners, who then sell refined… pic.twitter.com/RZCaXPxhBD
— Federal Ministry of Finance (@FinMinNigeria) October 29, 2024
