Petrol import bill drops from N2.3tn to under N90bn – FG.
The Federal Government has disclosed that local petrol production has increased from virtually zero in 2023 to about 48 million litres per day. Special Adviser to the President on Oil and Gas, Olu Verheijen, made the disclosure while speaking on the theme, “Energy in Nigeria: From Potential to Reality,” at the Nigerian-British Chamber of Commerce Energy Day 2026. Verheijen said that, for the first time in a generation, the majority of the petrol consumed in Nigeria is now refined locally. […]