In a bold move to strengthen the economy, Nigeria has begun selling crude oil and refined petroleum products in Naira. This policy, announced by Finance Minister Wale Edun, took effect on October 1 and aims to alleviate pressure on foreign exchange reserves, stabilize the Naira, and reduce inflation. With support from key stakeholders like the NNPC and Dangote Group, the shift is expected to boost local refining capabilities and reduce dependence on imported fuel.
Dive into the world of Diaspora Watch and stay informed, engaged, and inspired.
FREE Digital View:
https://www.flipsnack.com/excelglobalmedia/diaspora-watch-vol-19-october-7-13-2024/full-view.html
Print on Demand: https://www.magcloud.com/browse/issue/2918067?__r=1069759
SUBSCRIBE TO DIASPORA WATCH NOW ON THE BELOW LINK !!!
https://diasporawatch.com/subscribe-to-diaspora-watch…/
#NigeriaEconomy #CrudeOil #NairaPolicy #NNPC #EconomicGrowth #EnergySecurity
