Nigeria, June 23 -- The disclosure was made by Mrs. Olu Verheijen, Special Adviser to the President on Energy, during the Nigerian-British Chamber of Commerce Energy Day 2026 in Lagos. Speaking on the theme, "Energy in Nigeria: From Potential to Reality," Verheijen said Nigeria had reached a historic milestone, with the bulk of the petrol consumed nationwide now being refined locally for the first time in decades.

According to her, the rise in local refining has eased pressure on the foreign exchange market and strengthened the naira.

"For decades, every cargo of imported petrol represented a constant demand for scarce dollars and a structural drain on the economy. Today, that burden is rapidly diminishing," she said.

Verheijen reveal...