The Minister of Finance, Wale Edun, has announced that the Nigerian government has begun the Naira-for-crude sale deal with Dangote Refinery from October 1, 2024.
The minister disclosed this in a statement released on the official X account of the Ministry of Finance on Saturday.
According to Edun, the commencement was in line with the Federal Executive Council, FEC directive after stakeholders held a meeting on October 3rd, 2024 to review the implementation of the deal.
“The Hon. Minister of Finance and Coordinating Minister of the Economy announced that, in line with the Federal Executive Council (FEC) directive, the sale of crude oil and refined petroleum products in Naira has officially commenced as of October 1st, 2024.
