Nigeria, April 10 -- Nigerians may soon enjoy a reduction in fuel prices as the Federal Government reaffirms its commitment to the naira-for-crude deal with Dangote Refinery and other local refiners.

Recall that in an official update on Wednesday, April 9th the government's Technical Sub-Committee on the Crude and Refined Product Sales in Naira initiative confirmed that the policy will continue indefinitely.

The move is aimed at boosting local refining, enhancing energy security, and cutting dependence on foreign exchange for fuel imports.

"The initiative remains in effect and will continue for as long as it aligns with the public interest and supports national economic objectives," said a statement posted on the Federal Ministry of Fi...