Let’s Support Farmer Mohammed Umar Bago’s administration—-IJah
The administration of President Bola Ahmed Tinubu has announced that the sale of Crude Oil to Dangote refinery in naira will commence on October 1.
This was disclosed in a posted on the official X (formerly twitter) handle of the Federal Ministry of Finance on Monday.
It will be recalled that the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, today led the Implementation Committee meeting on the transition to Crude Oil Sales in Naira.
“The meeting reviewed progress on key initiatives, including the upcoming commencement of Naira payments for crude oil sales to the Dangote Refinery starting October 1, 2024,” the post on X read.
It was also noted that the first delivery of Petroleum Motor Spirit from Dangote refinery was expected to commence next month.
“Dr. Zacch Adedeji, Executive Chairman of the Federal Inland Revenue Service @FIRSNigeria and Chairman of the Technical Sub-Committee, reported that the first PMS delivery from Dangote is expected next month under existing agreements.”
There have been controversies on the sale of crude oil to Dangote refinery, with claims of sabotaging of the refinery operations.
