Group urge Tinubu to Invoice Dangote Refinery in Naira

The Arewa Youth Ambassadors (AYA), a coalition of youth organizations across the 19 Northern states, has stated its position regarding the provision of crude oil to the Dangote Petroleum Refinery.
President-elect, Asiwaju Tinubu
President-elect, Asiwaju TinubuGoogle Photo

During a press conference held in Abuja, Muktar Abdurrahman Auwal, the group's secretary, made an appeal to President Bola Tinubu's administration, urging them to consider the sale of crude oil to DPR in naira rather than in dollars.

Up to this point, the refinery has procured six million barrels of crude oil from the Nigerian National Petroleum Company Limited (NNPCL) and has transported them to its two Single Point Mooring (SPM) sites situated 25 kilometers offshore.

As reported by Daily Trust, the group raised concern about the challenges faced by Nigerians and Nigeria due to the scarcity of foreign exchange.

Auwal said, “Selling crude oil to DPR in foreign currency is going to be counterproductive as far as the Nigerian masses are concerned." The depreciation of the naira, influenced by foreign exchange fluctuations, has resulted in significant hardships for the majority of Nigerians. The organization highlighted that persistent inflation is primarily linked to the heightened fuel costs. Consequently, the prevailing prices of goods and services have impeded the average citizen from enjoying the benefits of democracy in Nigeria.

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