Dangote in Aso Rock over sale of crude oil in naira

President Bola Ahmed Tinubu has met with members of the crude oil and refined products sales in local currency implementation committee. The committee was led by the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, to the State House, Abuja for the meeting. Among those that met the President were the […]

President Bola Ahmed Tinubu has met with members of the crude oil and refined products sales in local currency implementation committee.

The committee was led by the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, to the State House, Abuja for the meeting.

Among those that met the President were the President of Dangote Group, Alhaji Aliko Dangote, the Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPCL), Mr Mele Kyari; Chairman of the Federal Inland Revenue Service (FIRS), Dr Zacch Adedeji; and the Governor of the Central Bank of Nigeria (CBN), Mr Yemi Cardoso.

Others were the Authority’s Chief Executive (ACE) of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Mallam Farouk Ahmed; the Commission Chief Executive (CCE) of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Mr Gbenga Komolafe.

Addressing journalists after the meeting, Edun said the meeting was to review the implementation of selling crude to local Refineries in naira, adding that the initiative by the President, was made possible by the bold investment of Dangote in Dangote Refinery.

He noted that all the stakeholders were committed to ensuring that the effort is sustained, and whatever challenges in the initial steps is fully achieved.