WATCH THE VIDEO HERE Nigeria will continue to play a leadership role in Africa’s energy sector, leveraging the Petroleum Industry Act (PIA) and a robust legal framework to drive investment and development. This is according to Minister of State for Petroleum Resources (Oil), Mr Heineken Lokpobiri, while hosting TotalEnergies’ Senior Vice President for Africa, Mr Mike Sangster, along with a high-level delegation, including Mr Matthieu Bouyer, MD & Country Chair, TotalEnergies Upstream Companies in Nigeria, and Mr Abiodun Afolabi, Executive Director, Strategy, Business & Asset Management. Discussions focused on TotalEnergies’ ongoing investments in Nigeria and how the Federal Government can further support industry players to boost oil and gas production. “Under President Bola Ahmed Tinubu’s administration, the government is fully prepared to support all stakeholders in increasing production. “By strengthening partnerships with key investors like TotalEnergies, we remain committed to unlocking the full potential of Nigeria’s energy sector to drive sustainable economic growth and national prosperity,” Mr Lokpobiri stated. The meeting underscores Nigeria’s push to attract global energy investments, ensuring that the country remains a key player in Africa’s oil and gas industry while maximizing benefits for Nigerians, Africa, and the global energy market. Last year, the oil major secured approval from its board for significant investment in the Bonga North Offshore project, marking a pivotal step in its commitment to expanding offshore operations in Nigeria. The investment was valued at $5 billion.
Lokpobiri Promises Proper Framework to Drive Oil, Gas Investment
