*Says more than $200b investment waiting
*Govt has clear-cut policies for genuine investors
03 June 2017, Sweetcrude, Lagos — Petroleum Technology Association of Nigeria, PETAN has urge foreign investors who are genuine to come to Nigeria, partner with proven Nigerian companies (Not rent seekers) and invest.
Chairman of the association, 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 Sweetcrude Reports in Houston Texas.
Stating the reasons why investor should come to Nigeria and invest, the PETAN chairman said the country has huge potentials ready to be tapped by 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 million barrels by the year 2020. We are looking at four million barrels daily production.
“In terms of power, we are not where we are suppose to be. In terms of gas infrastructure, there is a lot of gas. 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,” Anthony said
He explained that PETAN stands for: come into the country, invest in facilities, invest in training, adding that “we are not interested in rent seekers.
“We want genuine partnership that will create employment, partnership that will create competency level. That is what we are talking about,” PETAN chairman stressed.
He informed investors present at the forum that Nigeria has more than $200 billion investment on the waiting noting that government clear cut policies for genuine investors.
“If you are not interested in putting facilities on the ground, if you are not interested in transfaring technology, if you are not interested in training people and building their capacity, Nigeria is not the place for you.
“So what I ask all the investors here now is take the advantage of the opportunities that are available now,” he said.