The Federal Executive Council (FEC) has ordered the Nigerian National Petroleum Company (NNPC) Limited to sell crude oil to Dangote Refinery and other local refineries in naira.
The Chairman of the Federal Inland Revenue Service (FIRS), Zack Adedeji, disclosed this to State House correspondents after the FEC meeting chaired by President Bola Tinubu on Monday in Abuja.
He said the measure would reduce the strain on the country’s foreign spendings and stabilise the pump price of petrol, diesel and other products in Nigeria.
