Nigeria's Aradel Holdings Plc announced plans to start producing petrol at its modular refinery by 2027. The company stated this follows the removal of subsidies that previously affected the industry. The modular refinery is expected to play a key role in boosting local fuel production. The project comes as the country seeks to reduce its reliance on imported oil. Aradel's initiative highlights growing efforts to enhance energy independence in Nigeria. The timeline for production aligns with broader government goals to modernize the energy sector. The company emphasized the importance of private investment in achieving these targets. This development could have significant implications for Nigeria's energy market.