The Minister of State for Petroleum Resources (Oil), Sen. Heineken Lokpobiri, says Nigeria will expand its refining capacity and petroleum infrastructure to position the country as West Africa’s energy and trading hub.
Lokpobiri said this at the second edition of the West Africa Refined Fuel Market Conference on Tuesday in Abuja.
He said that Nigeria must leverage its strategic position and resources to drive regional energy security.
He said the Federal Government’s deregulation of the petroleum sector had unlocked investment opportunities and created a more competitive environment for the industry.
According to him, Nigeria can not fully benefit from its petroleum resources without developing adequate refining, midstream and downstream infrastructure.
