Nigeria: Middle East War - Naira-for-Crude Deal Shields Nigeria From Disruption - Presidency

Nigeria: Middle East War - Naira-for-Crude Deal Shields Nigeria From Disruption - Presidency

AS the US-Israel-Iran war disrupts global oil flows, entering its sixth week, the Presidency has enthused that Nigeria stands out as an energy oasis, thanks to President Bola Tinubu's naira-for-crude policy and the Dangote Refinery's ramped-up output.

Naira-for-crude policy shields Nigeria from fuel supply disruptions - Presidency

Presidency has said Nigeria’s naira-for-crude policy is protecting the country from the severe fuel supply shocks triggered

Presidency credits naira-crude deal for fuel supply stability - NewsTmes.com.ng

President Bola Tinubu’s naira-for-crude initiative has shielded Nigeria from the severe fuel scarcity afflicting major economies worldwide amid the ongoing Iran-Israel-US conflict in the Middle East, the Presidency said on Wednesday. According to the Senior Special Assistant to the President on Media and Publicity, Temitope Ajayi, the policy, approved in July 2024 and launched on … The post Presidency credits naira-crude deal for fuel supply sta…

Middle-East Crisis: How Tinubu's Policy Of Naira-For-Crude Guarantees Supply Security In Nigeria — By Temitope Ajayi

President Bola Tinubu demonstrated foresight in July 2024, when he approved the use of the naira as the payment currency for crude oil supplied by the NNPC to the Dangote Refinery.…The post Middle-East Crisis: How Tinubu’s Policy Of Naira-For-Crude Guarantees Supply Security In Nigeria — By Temitope Ajayi appeared first on The Liberation News Nigeria.

Presidency Affirms Naira-for-Crude Bolsters Nigeria’s Energy Security

President Bola Tinubu’s naira-for-crude policy is safeguarding Nigeria from the full impact of the Middle East energy crisis, with the Presidency saying the initiative has strengthened domestic fuel supply, stabilised the economy and reinforced national energy security amid global disruptions. A policy commentary by the Senior Special Assistant to the President on Media and Publicity, Temitope Ajayi, said the decision approved by President Tinub…

How Tinubu’s “Naira‑for‑Crude” Policy Is Helping Shield Nigeria from Global Energy Chaos — Akelicious

The Federal Government says President Bola Ahmed Tinubu’s naira‑for‑crude policy has strengthened Nigeria’s energy security amid the ongoing geopolitical crisis in the Middle East. According to a State House piece by Temitope Ajayi, the initiative — approved in July 2024 and implemented from October 1 2024 — allows the Nigerian National Petroleum Company (NNPC) to pay for crude supplied to the Dangote Refinery in naira instead of dollars. The Pr…