13 September 2014, Sweetcrude, Lagos – Investment in Africa’s oil and gas business is expected to continue to rise, according to the managing director of Baker Hughes Nigeria, Mr. Ayo Shote.
Shote said investment will continue to flow into the continent because of huge potentials in Africa’s oil and gas business. Key focus of this growth will be in West Africa, East Africa as well as North and Central Africa countries.
He said Africa could not be left out by development in the global energy landscape, emphasising: “we will continue to remain important and grow. The big portion of this growth is Nigeria. We have been in Nigeria since the beginning”.
“Nigeria is a big market globally and in Africa, but we have a huge spread across Africa. In Nigeria we are seeing the increasing importance of indigenous participation,” Shote stated as he spoke at his company’s Techno Day conference and Exhibition in Lagos.
The Baker Hughes managing director stated that in support of increased investment in Africa’s oil and gas business, his company has a huge presence on the continent.