Francis Dufugha
Nigeria has called for stronger international cooperation to strengthen energy security, attract investments and harness petroleum resources for industrial development and economic prosperity.
A statement issued by Nneamaka Okafor
SA Media and Communication to the Minister of State for Petroleum Resources (Oil) quoted
the Minister of State for Petroleum Resources (Oil), Sen. Heineken Lokpobiri, Ph.D., that he made the call while contributing to the Ministerial Leadership Roundtable at the 2026 Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), which focused on energy supply and industrial competitiveness.
Sen. Lokpobiri reaffirmed that Nigeria’s commitment to collaboration and strategic partnerships as critical drivers of petroleum sector development and economic growth remains unwavering, stressing that the country would continue to create opportunities for international investors, technology providers and financial institutions to participate in its petroleum industry.
“Nigeria’s commitment to collaboration and strategic partnerships remains sacrosanct. We recognize that developing our petroleum resources and translating our reserves into economic prosperity require sustained investment, technology, expertise and mutually beneficial partnerships. We will therefore continue to drive investment into the sector,” he said.
He emphasized that stronger global cooperation was essential to addressing emerging challenges in the energy landscape, mitigating potential supply disruptions and preventing developments that could trigger wider energy and economic crises.
The Minister highlighted Nigeria’s determination to leverage its petroleum resources to accelerate industrialization through increased oil production, domestic refining, petrochemical development, gas commercialization and infrastructure expansion.
Furthermore, he noted that Nigeria’s geographical advantage, substantial petroleum reserves and strategic position on the Gulf of Guinea provide opportunities to strengthen its role in regional petroleum supply, trade and industrial development.
According to him, Nigeria’s ultimate objective is to ensure that its petroleum resources become a foundation for reliable energy supply, industrial competitiveness, employment generation and sustainable economic growth.
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