Aliko Dangote has counseled President Bola Tinubu for the optimistic influence of the naira-for-crude swap deal on the Nigerian financial system.
To offer succour to Nigerians, Dangote not too long ago diminished the value of Premium Motor Spirit (PMS) from N970 to N899.50 at its refinery loading gantry and supplied beneficiant credit score phrases to entrepreneurs.
Dangote counseled President Tinubu whereas talking in Lagos, saying that the coverage, which was authorised in September and enforce on October 1, has helped Nigerians, stabilised the naira, and diminished the price of petroleum merchandise within the nation.
In step with this growth, Dangote introduced that Dangote Refinery has partnered with MRS Oil Nigeria Plc to promote Premium Motor Spirit (PMS) at a diminished worth of ₦935 per litre nationwide.
“To make sure that this worth discount will get to the top client, we have now signed a partnership with MRS to promote petrol from its shops nationwide at N935 per litre,” Dangote mentioned.
This worth has already commenced in Lagos, and will probably be provided nationwide from Monday.
He additionally known as on different oil entrepreneurs, such because the NNPC Retail and all different entrepreneurs, “to work with us to make sure that Nigerians get pleasure from high-quality petrol at discounted costs.”
He mentioned, “The Dangote Refinery is for the advantage of Nigeria and Nigerians. We are going to subsequently proceed to work with numerous worth chain gamers to ship high-quality petrol at cheaper costs.
“Our purpose is for all Nigerians to have prepared entry to high-quality petroleum merchandise which might be good for his or her autos, good for his or her well being, and good for his or her pockets.”
Recall that in September, the Federal Government Council (FEC) had authorised the sale of crude to native refineries in Naira and the corresponding buy of petroleum merchandise in Naira.
The transfer, which commenced on October 1, led to diminished strain on the greenback and ensured the soundness of the native foreign money.
Dangote additionally thanked Nigerians for his or her unwavering help and the federal government for creating an enabling atmosphere for the home refining business.
