The association said forward crude sales could provide greater certainty for refiners, reduce their exposure to international price volatility and improve feedstock planning.
CORAN, in a statement by its Publicity Secretary, Eche Idoko, said the rising cost of diesel should concern Nigerians because the fuel is widely used by factories, farms, transport operators, telecommunications companies and other businesses.
Faruku Musa Haruna and other farmers in Kumfada used to pool their money to buy plastic sheets, trapping enough water to irrigate small patches of land. They wanted to keep farming after the rains, but their ambitions depended on how much water they could save.