The Lagos State Chairperson of the Nigeria Labour Congress (NLC), Funmi Sesi, has called on the Federal Government to sell crude oil to the Dangote Petroleum Refinery in naira rather than in U.S. dollars.
Speaking during a tour of the refinery with members of the Labour Writers Association of Nigeria, Sesi argued that such a policy shift would significantly reduce the refinery’s operational costs. She noted that cutting costs at the production stage could translate into lower pump prices for Nigerians, easing the burden on citizens already grappling with high living expenses.
The Dangote Refinery, one of the largest in Africa, is seen as a strategic asset for Nigeria’s quest to achieve self-sufficiency in petroleum products. Sesi’s remarks add to ongoing public debates on how the refinery’s operations and government policies can be aligned to deliver affordable fuel locally.
Her position also highlights the broader conversation about using Nigeria’s natural resources to strengthen the local currency and stimulate the domestic economy, rather than relying on foreign exchange for transactions within the country.
