FG Reaffirms Commitment To Improving Investment In Oil, Gas Sector

By Sunday Etuka, Abuja

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The Federal Government has restated commitment to improving investment portfolio of the oil and gas sector, saying that the quickest route to solving the present economic challenges of the nation is through the sector.

Minister of State for Petroleum Resources, Sen. Heineken Lokpobiri stated the government’s commitment while declaring open the Nigeria Exhibition Pavilion at the Offshore Technology Conference (OTC) on Tuesday in Houston, U.S.

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Sen. Lokpobiri noted that “the surest and quickest route to solving the present economic challenges of our nation is the oil and gas sector, and we must do all we can to improve investment portfolio of this sector, especially as we have a robust regulatory framework and abundant natural resources”.

The Minister commended Petroleum Technology Association of Nigeria (PETAN) for their leading role over the years in ensuring Nigeria’s participation at OTC, which he said, undoubtedly contributed to the technological advancement of the nation’s energy sector.

He said, “the Federal Government, under President Bola Tinubu, will continue to prioritize initiatives that lead to more investment in our oil and gas sector with a commitment which highlights our steadfast dedication to nurturing sustainable development and growth in Nigeria’s energy sphere”.

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