Members of the local currency implementation committee who deal with the sale of crude oil and processed products are meeting with President Bola Tinubu.
The committee met in State House in Abuja under the direction of Mr. Wale Edun, Minister of Finance and Coordinating Minister of the Economy.
The Nigerian National Petroleum Company Limited’s (NNPCL) Group Chief Executive Officer, Mr. Mele Kyari, the Federal Inland Revenue Service (FIRS) Chairman, Dr. Zacch Adedeji, and the Governor of the Central Bank of Nigeria (CBN), Mr. Yemi Cardoso, are among those present at the meeting.
Mallam Farouk Ahmed, the ACE of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Mr. Gbenga Komolafe, the CCE of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), and Alhaji Aliko Dangote, the president of the Dangote Group, were also present.
President Tinubu will be briefed by the committee on the status of the agreement, which was improvised by the Tinubu government to alleviate the economy’s strain from foreign exchange.
Remember that on July 29 of this year, President Tinubu ordered the NNPCL to start selling crude oil to Dangote Refinery and other nearby refineries.
