I've been following the Dangote refinery petrol price reduction stuff, and it kinda connects to the bigger economic picture here. For one, being able to buy cheaper petrol made in Nigeria means we don’t have to import as much, so there’s less pressure to use up foreign currency. That might help the Naira, I guess, because our dollars can stay in the country a bit longer instead of flying out for imports every month.

Some news I read said the government is even trading Naira for crude to keep things going locally. My dad thinks that if Dangote keeps dropping prices and the refinery stays busy, it could help stabilize the economy. Like, transport costs might go down, and more stuff could get cheaper over time. But it’s not automatic – if only Dangote is calling the shots, people worry he could flip the script and raise prices later. So, while it's a boost short-term, the bigger effect on the economy and Naira really depends on how long Dangote keeps up the price cuts and if other players can hang in there. It’s like a wait-and-see thing, in my opinion.