23 July 2017, Sweetcrude, Lagos — The British Government, Sunday, stated that Nigeria’s immigration policy was discouraging investors from the United Kingdom from investing in the country’s petroleum industry.
According to a statement by the Nigerian National Petroleum Corporation, British High Commissioner to Nigeria, His Excellency, Mr. Paul Arkwright, expressed the readiness of his country to invest in pipeline infrastructure, renewable energy, gas and power in Nigeria.
Arkwright stated this when the Group General Manager, Group Public Affairs of the Nigerian National Petroleum Corporation, Mr. Ndu Ughamadu, paid a courtesy visit to the Chancery of British High Commission in Abuja.
The British envoy disclosed that so many British investors had funds which they were willing to invest in Nigeria, stressing, however, that the process of obtaining Nigerian visa in the United Kingdom was cumbersome with three different levels of visa procurement fees as well as Nigeria’s postal order system.
Irrespective of this, he noted that the British Government had a genuine investment interest in the downstream, midstream and upstream sectors, stressing that the British Department for International Trade was ready to liaise with the Federal Government to invest in the country.
To this end, Arkwright urged the Federal Government and the NNPC to organize a road show in London to create awareness on the possible investment opportunities available in the Nigerian oil and gas sector.
In his response, Ughamadu condoled with the British Government over the recent terror attacks in the United Kingdom, while he also commended the High Commissioner for the Commission’s promptness in issuing visas to officials of the Corporation.
He assured that NNPC would sustain the cordial relations between it and the British government.