Mohammed Shosanya
The Federal Executive Council is working on a new pricing arrangement for petrol produced from the Dangote Refinery,business mogul,Aliko Dangote, has said
He also disclosed that the product will be in filling stations in 48 hours depending on the country’s national country.
He spoke at the official unveiling of the facility’s refined petrol on Tuesday.
He said:“It is an arrangement which is designed and approved by the Federal Executive Council led by His Excellency, President Bola Ahmed Tinubu.
“As soon as it is finalised, which he (Tinubu) is pushing, once we finish with NNPC, it can be today, it can be tomorrow, we are ready to roll into the market.”
According to him,the development will reduce the demand for foreign exchange by 40 per cent.
He added:“I will like to salute the people of Nigeria and the government of President Bola Tinubu for creating the environment for us to thrive and also achieve this monumental of giving energy to our people for growth, and prosperity.
“I want to thank President Bola Tinubu for creating this idea of Naira for crude and Naira for the product. Doing that will give a lot of stability to the Naira and remove 40 per cent of the demand for dollars. That’s not just it, there is a lot of round-tripping.”
