Olufemi Adewole
Olufemi Adewole is the Executive Secretary of the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN). He has been vocal in his condemnation of the Nigerian government's naira-for-crude oil transaction framework, arguing that it poses significant risks to the country's foreign exchange stability and could deter foreign direct investment. Adewole emphasizes the importance of maintaining international standards in oil transactions, which are traditionally conducted in US dollars due to their stability. He has expressed concerns that linking crude oil sales to the naira could exacerbate existing economic challenges, potentially leading to capital flight and hindering Nigeria's economic growth.
Global Media Ratings
Countries Mentioned
| Country | Mentions | Sentiment | Dominance | + Persistence | x Population | = Reach | x GDP (millions) | = Power |
|---|---|---|---|---|---|---|---|---|
| Nigeria | 3 | 5.67 | 0.13% | +0% | 206,139,589 | 261,046 | $448,000 | 567$ |
| Totals | 3 | 206,139,589 | 261,046 | $448,000 | 567$ |
Interactive World Map
Each country's color is based on "Mentions" from the table above.
Recent Mentions
Nigeria:
Olufemi Adewole is the Executive Secretary of DAPPMAN who disagreed with the naira-for-crude deal, citing risks to Nigeria’s foreign exchange stability.
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Nigeria:
Olufemi Adewole highlighted concerns over the volatility of the naira, emphasising that crude oil transactions are traditionally carried out in US dollars due to its stability and global acceptability.
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Nigeria:
Olufemi Adewole has condemned the sale of crude oil in naira by the Federal Government to the Dangote Petroleum Refinery.
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