The special Adviser on information and strategy to the president, Bayo Onanuga, yesterday, tweeted on his X account.
“To ensure the stability of the pump price of refined fuel and the dollar-Naira exchange rate, the Federal Executive Council today adopted a proposal by President Tinubu to sell crude to Dangote Refinery and other upcoming refineries in Naira.”
This deal is to ensure the stability in the price of petroleum product in Nigeria and to also stabilize Naira.
The procurement will be done in Naira and it worths around $13.5 Billion.
