Sen.Musa lauds Tinubu over sale of crude oil to Dangote refinery
Sen. Mohammed Sani Musa,Chairman, Senate Committee on Finance,has commended President Bola Tinubu for approving the sale of crude oil to Dangote Refinery and other local refineries.
“I would like to commend President Bola Ahmed Tinubu, GCFR, for his forward-thinking and impactful decision to approve the sale of crude oil to local refineries in Nigeria using the Naira,” Sen.Musa said in a statement distributed to newsmen on Tuesday.
He said the strategic move was a significant milestone in the nation’s journey towards economic self-sufficiency and stability.
“By allowing transactions in our local currency, this policy not only strengthens the Naira but also reduces our dependency on foreign exchange.
“This will likely lead to increased efficiency within our local refineries, boost domestic production and ensure a more consistent and affordable supply of refined petroleum products for all Nigerians,” the lawmaker said.
He hoped that the gesture would enable the NNPCL, Dangote Refinery and all domestic producers to seize the opportunity to make their business decisions toward making production more affordable, sustainable and qualitative for the good of the country.
He also said that the President’s decision reflected a deep commitment to fostering national growth, supporting local industries, and ensuring that the wealth generated from the nation’s natural resources benefits our economy directly.
“It is a testament to Mr President’s visionary leadership and dedication to the prosperity of our country.I applaud this initiative and look forward to witnessing the positive impact it will undoubtedly have on our nation’s economic landscape.
“Thank you, Mr President, for your continued efforts to advance Nigeria’s economic independence and development,”Sen.Musa added.
