Uncertainty Over Naira-for-crude Policy As Federal Gov’t Fails To Release Guideline …C0NTINUE READING HERE >>>
There is widespread uncertainty over the take-off of the Naira-for-Crude Policy, which was scheduled to begin yesterday, October 1, 2024.
By the end of Tuesday, October 1, when the policy was expected to commence, the federal government had yet to release the necessary guidelines for implementation.
LEADERSHIP recalls that on September 13, 2024, the Technical Sub-Committee on Domestic Sales of Crude Oil in Local Currency announced that the Federal Executive Council, under the leadership of President Bola Tinubu, approved the sale of crude to local refineries in naira and the…
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