By Happiness Edeawe

President Bola Tinubu believes the naira for crude transactions will stabilize the oil sector.  

Tinubu said this in a review meeting with the Implementation Committee on the Naira-based sales of crude oil and refined products.

Presidential spokesman Bayo Onanuga quoted his principal as warning that whatever solution proffered in crude oil and refined products sales in naira should not take the country back to its experience in the last 40 years.

He called on stakeholders in the sector to look inward and consider supplying enough petrol and petroleum products for local consumption to stop the persistent reliance on importation.