Nigerians woke to see some rate of increased spontaneity in the Federal Government trying to assuage Nigerians with some increased passage of some bills….. All these they’re doing without still talking to Nigerians directly..
@Dr. Mo wrote :
I want to thank President Tinubu for listening to Mr. @PeterObi, who has consistently advocated for support to the Dangote Refinery. President Tinubu has extended a crucial lifeline to the refinery by proposing that the NNPC sells crude oil to the refinery in Naira.
To maintain the stability of fuel prices and the exchange rate between the dollar and the Naira, the Federal Executive Council accepted President Tinubu’s proposal today. This involves selling crude oil to the Dangote Refinery and other new refineries in Naira.
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The Dangote Refinery currently needs 15 shipments of crude oil annually, amounting to a total cost of $13.5 billion. The NNPC has pledged to provide four of these cargoes.
The FEC has agreed to make available 450,000 barrels for local consumption, which will be offered to Nigerian refineries in Naira, with the Dangote Refinery being the initial test. The exchange rate will remain constant throughout this transaction.
This measure not only provides significant support to the Dangote Refinery but also contributes to the broader goal of economic stability and growth in Nigeria. Thank you, President Tinubu, for taking this vital step.
Thank you Mr. @PeterObi for always putting the nation first 🥇 indeed with you a new Nigeria is POssible!!!
-DrMo
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