Nigeria’s Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has praised the policies of President Bola Tinubu, saying they have created the right environment for energy investment. Speaking at a recent forum, the minister explained that these reforms are already attracting global attention and laying the foundation for long-term economic gains.
Lokpobiri’s energy investment message was clear. He said the stability introduced by the Tinubu administration is encouraging new players to consider Nigeria as a viable market. Investors, he added, now see consistency in energy policy, and this makes planning and project execution more secure.
According to Lokpobiri, the oil and gas sector suffered from inconsistent policies in previous years. That uncertainty caused capital flight and discouraged serious investors. However, since President Tinubu came into office, things have started to change. The administration quickly reviewed critical frameworks and removed bottlenecks that delayed major projects.
He explained that licensing processes have been simplified and legal clarity has been improved. Foreign investors, especially in upstream oil operations, are beginning to respond positively. Nigeria is now seen as a country ready to do business, and the reforms are helping rebuild trust.
Lokpobiri’s energy investment perspective also highlights the role of collaboration. He said the Ministry is working closely with other agencies, including the Nigerian National Petroleum Company Limited (NNPC Ltd.), to align interests and avoid duplication. This cooperation is ensuring that government efforts are focused and results-driven.
The minister noted that the Petroleum Industry Act (PIA) is finally being fully implemented under the current administration. He said this law, when backed by committed leadership, can drive transformation and improve transparency. These are key concerns for both local and international investors.
Heineken Lokpobiri shared examples of current partnerships taking shape in the Niger Delta. Projects are being revived, and new exploration activities are beginning. He credited this renewed interest to the bold steps taken by President Tinubu in his first year. He also stated that the Ministry will continue to support policies that guarantee investor confidence.
Lokpobiri added that the energy sector’s growth will benefit the larger Nigerian economy. Jobs will be created, infrastructure will improve, and government revenues will increase. He stressed that energy security is not just about oil but also includes renewables, gas, and power.
In his closing remarks, Lokpobiri urged Nigerians to support the reforms and remain patient. He said the results are already visible and that more success stories will follow. The path, he believes, is now clear for Nigeria to become a top energy destination in Africa and beyond.
Analysts at the event agreed that Nigeria’s policy environment is showing signs of maturity. With Lokpobiri’s firm leadership and Tinubu’s clear direction, there is growing confidence that the country is moving forward. The next few years will be crucial, and many expect Nigeria’s energy story to improve further.
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