Nigeria Will Continue To Be Investment Friendly Under President Bola Ahmed Tinubu, Says Lokpobiri At NIES 2026, Highlights Reforms And New Opportunities For Global Investors
The Honourable Minister of State for Petroleum Resources (Oil), Sen. Heineken Lokpobiri, Ph.D., has declared that Nigeria is fully investment-ready, citing sweeping reforms, improved regulatory clarity, and renewed investor confidence in the country’s petroleum sector.
Speaking at the opening ceremony of the 9th Nigeria International Energy Summit (#NIES2026) held at the State House Banquet Hall, Abuja, the Minister stated that Nigeria’s vast hydrocarbon resources and strategic geography spanning deepwater, shallow water, and onshore acreages position the country as one of the most attractive destinations for energy investment in Africa.
According to him, resource abundance alone is no longer sufficient to drive growth. “Investment-ready means more than just having reserves,” he said. “It means clarity, predictability, efficiency, incentives, and alignment. Nigeria today is offering certainty, policy transparency, and large-scale opportunities for serious investors and industry players.”
A release by Nneamaka Okafor, Media and Communication to the Minister of State for Petroleum Resources (Oil), says, Lokpobiri highlighted ongoing reforms under the administration of President Bola Ahmed Tinubu, noting that the Petroleum Industry Act, fiscal incentives, and streamlined licensing processes have restored confidence and stimulated new project commitments across the sector. He added that increased production, fresh Final Investment Decisions, and expanding local participation demonstrate tangible progress.
“The story of Nigeria’s petroleum sector is being rewritten,” the Minister affirmed. “This new chapter is about bold partnerships, transformative projects, and shared prosperity for both investors and host communities.” He further emphasized that Nigeria’s energy strategy extends beyond self-sufficiency. “This is not merely about energy supply,” he said. “It is about economic sovereignty, industrialization, and inclusive growth that benefits our people and strengthens Africa’s position in global markets.”
Reiterating the government’s commitment to stability and collaboration, Lokpobiri concluded with an open invitation to stakeholders: “The reforms are in place, the opportunities are real, the leadership is committed, and the timing is right. Come to Nigeria. Build with us. Profit with us — not as distant investors, but as co-architects of our shared future.”