Mkpoikana Udoma
Port Harcourt — Nigeria’s Minister of State for Petroleum Resources (Oil) Senator Heineken Lokpobiri, has reaffirmed the country’s push to attract more strategic investments into its oil sector, positioning Africa’s largest crude producer as a key player in bridging the global energy deficit.
In a statement released ahead of his participation at the 9th OPEC International Seminar scheduled for this month in Vienna, Austria, the Minister said the administration of President Bola Ahmed Tinubu is prioritizing sustainable reforms aimed at revitalizing Nigeria’s energy industry for long-term prosperity.
“Under the Renewed Hope administration of President Bola Ahmed Tinubu, we are prioritizing strategic investments in Nigeria’s oil sector and building robust partnerships geared towards sustainable progress,” Lokpobiri said.
He noted that the government’s efforts are not only focused on national energy security but also designed to ensure mutual prosperity for international partners.
“These efforts are not only designed to revitalize our energy landscape but also to guarantee national prosperity for Nigerians and mutual prosperity for our global investment partners,” the Minister stated.
Senator Lokpobiri is billed to speak at the OPEC International Seminar under the theme: “Charting Pathways Together: The Future of Global Energy.” He described the platform as “invaluable” in deepening collaboration and reaffirming Nigeria’s strategic role in shaping an inclusive and secure global energy future.
“As we consider the future of global energy, it is imperative to address Africa’s persistent energy deficit,” he said, adding that “by fostering increased investment in our oil sector, Nigeria is positioning itself as a critical driver in the effort to close this gap and contribute meaningfully to global energy security.”
The OPEC Seminar will bring together energy ministers, industry leaders, and stakeholders from across the world to explore emerging trends, investment outlooks, and collaborative solutions in the energy sector.
Nigeria, which holds the largest oil reserves in sub-Saharan Africa, is leveraging recent reforms, including the Petroleum Industry Act, PIA, to enhance investor confidence and drive sustainable sectoral growth.
