Michael James 07 June 2017, Sweetcrude, Lagos – The Petroleum Technology Association of Nigeria, PETAN, has urge foreign investors who are genuine to come to Nigeria, partner with proven Nigerian companies and invest.
Chairman of the association, Mr. Bank Anthony Okoroafor, made the plea at the just-concluded Nigeria Content Investment Forum, NCIF, organised by Nigerian Content Development and Monitoring Board, NCDMB, in collaboration with SweetcrudeReports in Houston, Texas, United States.
He informed investors present at the forum that Nigeria has more than $200 billion investment in the waiting and that the country has huge potentials ready for genuine investors to tap into.
He also maintained that there is clear-cut policies by government for genuine investors.
“What we are doing here (NCIF) is very important. The infrastructural deficit in Nigeria is huge. We are looking at increasing our reserve to 40 billion barrels by the year 2020. We are looking at four million barrels daily production,” Mr. Okoroafor said.
He added: “In terms of power, we are not where we are supposed to be. In terms of gas infrastructure, there is a lot of opportunities. In terms of refining, there is huge potential.
“Why am I saying this. This is an investment forum. If you see the opportunity that are there, partner with well-proven Nigerian companies, not rent seekers.”
Speaking on what PETAN stands for, he said: “We want genuine partnership that will create employment, partnership that will create competency.”
