The Minister of State for Petroleum Resources, Heineken Lokpobiri, has encouraged investors to consider Nigeria as a prime destination for energy investments, highlighting the country’s stable and investor-friendly environment.
Speaking at the CERAWeek by S&P Global conference in Houston, Texas, Lokpobiri emphasized that Nigeria’s crude oil ranks among the best globally and that the government has created policies to support sustainable investment. He noted that his ministry has engaged with major International Oil Companies (IOCs) including Shell, Chevron, Total, Eni, and ExxonMobil, with many pledging to prioritize Nigeria for future projects.
“For over 15 years, Nigeria’s upstream sector has remained uninterrupted, proving the country’s reliability for investors. We now offer clarity, certainty, and stability in regulations and legal frameworks, making Nigeria an attractive alternative for global energy investments,” he said.
The minister also addressed Nigeria’s downstream sector, unveiling plans to enhance its performance and reaffirming the country’s commitment to creating a competitive investment climate. He explained that Nigeria’s participation at the conference aimed to position the nation as a preferred destination for investors seeking security and long-term returns.
“Our message is clear: Nigeria is ready for investment. The reforms led by President Bola Ahmed Tinubu have revitalized the energy sector and restored opportunities that were previously unavailable for over a decade. We continue to engage bilaterally with companies like Chevron and ENI to ensure Nigeria becomes the alternative hub for global energy investment,” Lokpobiri added.
