Sani Musa Commends Tinubu For NNPC’s Crude Oil Sale To Dangote In Naira

Sani Musa Commends Tinubu For NNPC’s Crude Oil Sale To Dangote In Naira

In a statement issued on Tuesday, Senator Musa highlighted the Federal Government’s decision to conduct Naira-based transactions with Dangote Refinery as a pivotal step towards boosting Nigeria’s economic self-reliance and stability…….. CONTINUE READING

Senator Musa lauded President Tinubu for his dedication to national growth, local industry support, and ensuring that Nigeria’s natural resource wealth directly benefits the country’s economy. He noted that this policy presents a significant opportunity for NNPCL, Dangote Refinery, and other domestic producers to refine their business strategies, making production more cost-effective, sustainable, and high-quality for national advantage.

Senator Musa’s statement read: “I commend President Bola Ahmed Tinubu for his visionary decision to authorize the sale of crude oil to local refineries in Naira. This move marks a major milestone in our pursuit of economic self-sufficiency and stability.

“Allowing transactions in our local currency will not only strengthen the Naira but also lessen our reliance on foreign exchange. This policy is expected to enhance the efficiency of our local refineries, boost domestic production, and ensure a more reliable and affordable supply of refined petroleum products for Nigerians.

“I am hopeful that this initiative will enable NNPCL, Dangote Refinery, and other domestic producers to leverage this opportunity to make their operations more affordable, sustainable, and high-quality for the benefit of our nation.

“This decision reflects a strong commitment to national development, local industry support, and ensuring that the wealth from our natural resources directly benefits our economy. It underscores President Tinubu’s forward-thinking leadership and dedication to the country’s prosperity.

“I applaud this initiative and eagerly anticipate its positive impact on our economic landscape.

“Thank you, Mr. President, for your ongoing efforts to advance Nigeria’s economic independence and progress.”