Lokpobiri woos global investors, says Nigeria open for energy business

By Adebayo Obajemu

Nigeria’s Minister of State for Petroleum Resources ( Oil), Senator Heineken Lokpobiri, has intensified the country’s investment drive ahead of the 25th edition of NOG Energy Week, declaring that Nigeria is open for business and ready to attract fresh capital into its petroleum industry.

In a post on his official X account, Lokpobiri said the annual energy conference would provide a strategic platform to engage global industry leaders, investors, policymakers and innovators on emerging investment opportunities across Nigeria’s oil and gas value chain.Energy & Utilities

“I look forward to the 25th Edition of NOG Energy Week, where I will engage industry leaders, investors, policymakers, and innovators from across the globe on the immense opportunities within Nigeria’s energy sector,” the minister stated.

He said this year’s conference comes at a time when Nigeria is implementing far-reaching reforms under the Renewed Hope Agenda of President Bola Tinubu aimed at repositioning the country’s petroleum industry as a globally competitive investment destination.Demographics

According to him, the event would advance discussions on investment, strategic partnerships and sustainable growth across the petroleum value chain while showcasing the country’s improving investment climate.

“I will be showcasing Nigeria’s growing competitiveness as a premier energy investment destination, highlighting our strategic location that provides seamless access to global markets,” Lokpobiri said.Oil market analysis

He added that ongoing reforms, improved regulatory clarity, opportunities across the petroleum value chain, expanding local content capabilities and Nigeria’s large domestic market were strengthening investor confidence.

The minister noted that the Federal Government remains committed to creating an enabling environment that supports long-term investments capable of increasing production, boosting energy security and stimulating economic growth.Oil & Gas

He reiterated that Nigeria possesses significant opportunities across upstream, midstream and downstream operations, making the country an attractive destination for international energy investors seeking growth markets.

“Nigeria is open for business. We are bringing opportunities, strengthening partnerships, and creating value. Bring your capital, bring your expertise, and let us build a mutually beneficial future together,” he said.Energy & Utilities

The minister’s remarks come as government intensifies efforts to attract new investments into the oil and gas sector through regulatory reforms, improved fiscal policies and initiatives aimed at increasing crude oil production and expanding domestic energy infrastructure.