At the 8th Nigeria International Energy Summit (NIES 2025), the federal government reaffirmed its commitment to unlocking the full potential of the country’s upstream sector, emphasizing its critical role in sustaining a thriving midstream and downstream industry.
Senator Heineken Lokpobiri, Minister of State for Petroleum Resources (Oil), highlighted the administration’s efforts under President Bola Ahmed Tinubu’s leadership to create an investor-friendly environment. He pointed to key reforms such as the implementation of the Petroleum Industry Act (PIA), business-enhancing executive orders, improved security in the Niger Delta, and the launch of the Africa Energy Bank as pivotal steps toward attracting investments.
“Our message is clear: strategic investments, not loans, will drive sustainable growth,” Lokpobiri stated. “Nigeria is ready and open for credible partnerships, as we focus on increasing production, guaranteeing energy prosperity, and powering our energy transition.”
Reaffirming Nigeria’s position as Africa’s strategic hub for energy investments, Lokpobiri called on partners and investors to seize the opportunity. “The time is now. Let’s build prosperity together,” he urged.
The NIES 2025 summit continues to serve as a premier platform for discussions on Nigeria’s energy future, bringing together key stakeholders from government, industry, and global investors to explore pathways for sustainable growth in the sector.
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