Pricing Crude at ₦1/$ for Domestic Refining, a Declaration of Prosperity

An opinion piece by Patrick Oludare argues that pricing crude oil at ₦1 to $1 for domestic refineries would be a 'declaration of prosperity' for Nigeria. The author contends that selling crude in dollars internationally and buying back refined products in dollars is contradictory. He suggests that allocating crude to local refineries at a special rate would reduce costs for Nigerians. The piece calls for an end to the current pricing model.

Read More