In a groundbreaking initiative, Nigeria officially started selling crude oil and refined petroleum products in Naira.
The announcement was made by the Minister of Finance and Coordinating Minister of the Economy, Wale Edin who confirmed that this new policy took effect on October 1, 2024, in line with a directive from the Federal Executive Council (FEC).
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His Director of Information and Public Relations, Mr. Mohammed Manga, relayed this information in a statement at the weekend.
Following a meeting of the Implementation Committee, chaired by the minister, key stakeholders affirmed the commencement of this strategic initiative.
Read the full story at: https://www.vanguardngr.com/2024/10/fg-commences-sale-of-crude-in-naira/