Nigeria Reaffirms Downstream Deregulation Push at 2026 Fuel Conference
Updated
Updated · thesun.ng · Aug 12
Nigeria Reaffirms Downstream Deregulation Push at 2026 Fuel Conference
3 articles · Updated · thesun.ng · Aug 12
Summary
Heineken Lokpobiri said Nigeria will keep prioritizing energy security, investment and market transparency across its midstream and downstream petroleum sectors.
At the 2026 West Africa Refined Fuel Market Conference, he said energy security starts with meeting domestic fuel obligations before international commitments.
Lokpobiri said full downstream deregulation under President Bola Tinubu has created a framework in which industry stakeholders are increasingly meeting their responsibilities.
He also pitched Nigeria as a competitive destination for investors, saying higher refining capacity, better distribution infrastructure and transparent pricing are central to a stronger regional fuel market.
The conference theme centered on funding West African infrastructure and distribution to build transparent regional price benchmarks and deepen Africa's role in global energy trade.