Chairman of the OPEC Board of Governors for 2025, Adeyemi-Bero, has urged Nigerian oil producers to focus on domestic refining and value creation instead of exporting crude oil.
Speaking at the Nigerian Association of Petroleum Explorationists Pre-Conference Workshop in Lagos, the First E&P CEO said Nigeria must stop relying on crude exports and use its energy resources to drive industrial growth and economic stability.
He cited the Dangote refinery as an example of how local refining can boost GDP, stabilize foreign exchange, and strengthen the naira. Adeyemi-Bero stressed that selling oil in naira where possible could enhance the currency’s value and that Nigeria must “shift from being export-driven to value-driven” to avoid economic decline
Leave a Reply