From Kenechukwu Obiajuru, Yenagoa
The Honourable Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, Ph.D., has reaffirmed the Federal Government’s commitment to building a competitive and sustainable energy future through deeper collaboration and innovation between government and industry players.
Speaking at the Cross Industry Group (CIG) Meeting held in Biarritz, France, the Minister emphasized that the government’s focus remains firmly on increasing crude oil production sustainably, strengthening investor confidence, and fostering long-term partnerships that drive measurable growth across Nigeria’s energy landscape.
“Every opportunity is an avenue for us to consolidate on our efforts and collaboration with industry players,” Lokpobiri said. “We must continue to take critical measures towards re-attracting EPCs, unlocking deepwater projects that will contribute to our 2030 production and investment goals, and strengthening the competitiveness of our oil and gas industry.”
The Minister noted that the Federal Government has sustained policy reforms and created a more enabling environment for investors through fiscal incentives, transparent regulatory practices, and initiatives that encourage joint ventures and partnerships. These efforts, he explained, are designed to attract fresh capital, stimulate project execution, and enhance Nigeria’s position as a leading energy hub in Africa.
“Government has continued to provide an enabling environment through consistent reforms, fiscal incentives, and transparent regulatory practices designed to attract fresh investments and foster stronger partnerships,” he added.
While commending the Oil Producers Trade Section (OPTS) for sustaining the CIG platform, Lokpobiri urged operators to match government efforts with renewed vigor. He stressed the need for operators to take decisive steps by initiating new projects, deploying innovative technologies, and ensuring that all activities align with the shared objective of sustainable production growth.
“Operators must complement these efforts by taking decisive steps, initiating new projects, deploying innovative technologies, and ensuring that their activities align with our shared objective of sustainable production growth,” the Minister stated.
Senator Lokpobiri described the CIG as a vital platform for aligning strategies between government and industry, adding that the continued collaboration will ensure the translation of commitments into measurable outcomes for Nigeria’s energy future.
