Nigeria's Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has reaffirmed the Federal Government's commitment to attracting fresh investments into the country's oil and gas industry, declaring that Nigeria remains open to global investors.
Lokpobiri made the declaration ahead of the 25th edition of NOG Energy Week, where he is expected to engage international industry leaders, policymakers, investors and innovators on investment opportunities across Nigeria's energy sector.
In a post on his official X account, the minister described the conference as an important platform for promoting Nigeria's petroleum industry and strengthening strategic partnerships capable of driving sustainable growth.
According to him, this year's edition of NOG Energy Week comes at a critical period when the Federal Government is implementing wide-ranging reforms under President Bola Tinubu's Renewed Hope Agenda to reposition Nigeria as a preferred destination for energy investments.
Lokpobiri said he would use the conference to showcase the country's growing competitiveness in the global energy market, highlighting its strategic geographic location, improving investment environment and access to international markets.
He noted that reforms aimed at improving regulatory certainty, enhancing the fiscal framework and expanding opportunities across the upstream, midstream and downstream segments of the petroleum industry have continued to boost investor confidence.
The minister also pointed to Nigeria's expanding local content capacity and large domestic market as key advantages for investors seeking long-term opportunities in Africa's energy sector.
He stressed that the Federal Government remains focused on creating an enabling business environment that supports sustainable investments, increases crude oil production, strengthens energy security and drives economic growth.
Lokpobiri maintained that significant investment opportunities exist across the entire petroleum value chain and encouraged global investors to take advantage of the country's evolving energy landscape.
"Nigeria is open for business. We are creating opportunities, deepening partnerships and delivering value. Bring your investment, bring your expertise, and together we can build a prosperous future," he said.
His remarks come amid ongoing efforts by the Federal Government to attract new capital into the oil and gas industry through regulatory reforms, investor-friendly fiscal policies and initiatives designed to boost production and expand critical energy infrastructure.
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