The governor made the appeal at the 44th Annual International Conference and Exhibition of the Nigerian Association of Petroleum Explorationists (NAPE), held at Eko Hotels, Victoria Island, Lagos.
Aiyedatiwa emphasised the need for increased investment in oil and gas exploration, noting that Ondo State possesses significant hydrocarbon resources capable of contributing to economic growth and development.
He disclosed that the state currently ranks fifth among Nigeria’s oil-producing states and reaffirmed his administration’s commitment to attracting strategic investors, strengthening partnerships and encouraging responsible resource development.
According to the governor, Ondo offers a favourable security environment for businesses, making it a suitable destination for investors interested in the petroleum industry and other economic sectors.
He stressed that the benefits of oil exploration should extend beyond government revenue and production figures to include employment opportunities, improved infrastructure and better living conditions for residents.
Aiyedatiwa also highlighted the importance of supporting communities hosting oil operations, particularly through investments in education, healthcare, youth empowerment and sustainable livelihood programmes.
He maintained that host communities must be recognised as important stakeholders in petroleum development and should receive meaningful benefits from activities taking place in their areas.
The governor further called for stronger collaboration between universities, research institutions, professional associations and indigenous companies to improve local technical expertise and encourage innovation in the energy industry.
He urged Nigeria to move beyond relying mainly on the extraction of natural resources and develop the technical knowledge, industrial capacity and technological capabilities required to create greater economic value.
Addressing the global transition towards cleaner energy sources, Aiyedatiwa said developing economies such as Nigeria must ensure that their energy needs and development priorities are adequately considered.
He expressed confidence that increased investment in the state’s oil and gas sector would support economic diversification, strengthen energy security and create more opportunities for residents.
