An energy expert, Dr. Joseph Obele, has warned that Nigeria’s inflation could worsen if the Dangote Refinery begins selling petroleum products in United States dollars.
Dr. Obele said pricing locally refined petroleum products in foreign currency would increase the cost of doing business, weaken the naira and deepen poverty across the country.
He urged the Federal Government to protect the crude-for-naira policy, insisting that while private investors deserve returns on their investments, decisions in the oil and gas sector should prioritise national economic stability.
