Nigeria’s government affirmed on Monday that it will continue its policy of selling crude oil for naira to local refineries.
Dr. Adedeji, Charmain of the Technical Sub-Committee on Naira-for-Crude Policy, made this announcement following rumours about the program’s future.
“The Naira-based crude sales framework remains intact,” stated Dr. Adedeji. “There are no plans to discontinue this important economic initiative.”