FG to sell crude in Naira to Dangote Refinery to strengthen Naira


The Federal Government has concluded plans to sell crude oil to Dangote Refinery in Naira.

This is part of measures adopted to strengthen the currency and by extension the nation’s economy.

The governor, Central Bank of Nigeria, CBN, Godwin Emefiele, said this on Saturday, during an inspection tour of the ongoing construction of the $15 billion project.

Emefiele said the decision to sell the crude to the Refinery in Naira is to  impact the nation’s  economy positively.

Ememfiele expresses optimism that when refinery start to refine, and sell its petroleum products in Naira, the local currency will be stronger, and by extension the nation’s economy.

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