The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has emphasized that increasing local refining capacity will help lower fuel prices and reduce Nigeria’s reliance on imported petroleum products.
Lokpobiri reaffirmed the Federal Government’s commitment to optimizing the downstream sector to strengthen the country’s energy security.
He made this disclosure while receiving the Chief Executive Officer of OTL Downstream Development in Africa Ltd/Gte, Mrs Joyce Akabogu, who led her team on a courtesy visit to the petroleum ministry.