The Federal Government says it is going ahead with plans to sell crude oil and refined products in naira, as part of efforts to stabilise the economy and strengthen the local currency.
Finance Minister Wale Edun, who chairs the implementation committee, confirmed this after a meeting in Abuja. He said the move will reduce dependence on foreign exchange and boost local refining.
The meeting had in attendance key stakeholders from the oil and gas sector, including officials from NNPC Limited, FIRS, NUPRC, and local refineries.
