Nigeria Pledges Stronger Partnerships with Oil Majors to Boost Energy Investments
By NaijaEnquirer Staff
Nigeria has reaffirmed its commitment to providing an enabling environment for international oil companies operating in the country, assuring continued support to drive energy growth and investment.
Government Commitment to Energy Sector
Minister of State for Petroleum Resources (Oil), Sen. Heineken Lokpobiri, said the government will continue to play a leadership role in Africa’s energy sector by leveraging the Petroleum Industry Act (PIA) and a robust legal framework to attract and sustain investments.
Lokpobiri made the remarks while hosting TotalEnergies’ Senior Vice President for Africa, Mr. Mike Sangster, alongside a high-level delegation including Matthieu Bouyer, MD & Country Chair, TotalEnergies Upstream Companies in Nigeria, and Abiodun Afolabi, Executive Director, Strategy, Business & Asset Management.
Focus on Investment and Production
Discussions at the meeting centered on TotalEnergies’ ongoing projects in Nigeria and ways the Federal Government can further support industry players to boost oil and gas production.
“Under President Bola Ahmed Tinubu’s administration, the government is fully prepared to support all stakeholders in increasing production. By strengthening partnerships with key investors like TotalEnergies, we remain committed to unlocking the full potential of Nigeria’s energy sector to drive sustainable economic growth and national prosperity,” Lokpobiri said.
Attracting Global Energy Investments
The engagement highlights Nigeria’s push to attract global energy investments, ensuring the country remains a key player in Africa’s oil and gas industry. The government emphasized that stronger collaboration with investors would maximize benefits for Nigerians, Africa, and the global energy market.
