The Federal Government has disclosed that local petrol production has increased from effectively zero in 2023 to about 48 million litres per day.
Special Adviser to the President on Oil and Gas, Mrs. Olu Verheijen, disclosed this at the Nigerian-British Chamber of Commerce Energy Day 2026.
A text of her presentation at the event, held recently in Lagos, was made available to the News Agency of Nigeria on Tuesday.
Speaking on the topic, “Energy in Nigeria: From Potential to Reality”, Verheijen noted that, for the first time in a generation, the majority of the petrol Nigerians consume is now refined at home.
“This is where energy reform meets the strength of the Naira.
“For decades, every cargo of imported petrol was a standing demand for scarce dollars, a structural drain that weakened our currency.
“As local refining has risen, that drain has eased: petrol imports fell from about N2.3 trillion
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