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- Lokpobiri explained that under Tinubu’s leadership, Nigeria has boosted oil production
The Federal Government has called on international investors to seize emerging opportunities in Nigeria’s revitalised oil and gas industry, highlighting bold reforms, improved output, and a more competitive business environment as incentives.
Eko Hot Blog reports that the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, made the appeal in New York during a keynote address at the United States–Nigeria Council’s session on oil sector collaboration, held on the sidelines of the United Nations General Assembly (UNGA) 2025.
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Lokpobiri emphasised that Nigeria’s renewed energy agenda is anchored on forging deeper and smarter partnerships.
“At the heart of Nigeria’s renewed energy agenda is a clear and deliberate policy direction: to open our oil sector to deeper, smarter, and more strategic partnerships. The time to invest is not just now, it is ripe,” he stated.
He recalled that for over a decade prior to President Bola Ahmed Tinubu’s administration, Nigeria recorded little to no new oil investments.
According to him, the reforms introduced by the current government have reversed this trend, creating a globally competitive climate that has already attracted multi-billion-dollar deals.
“All inactive blocks during the period of no investments are now in the basket and up for grabs. We have a longstanding relationship with U.S. companies, but beyond these, there are new opportunities for investors in both the upstream and other sectors,” he noted.
Lokpobiri further explained that under Tinubu’s leadership, Nigeria has boosted oil production and repositioned itself as a reliable energy hub in West Africa.
He credited the transformation to the Petroleum Industry Act (PIA), describing it as a robust and investor-friendly legal framework that has restored confidence among global players.
He also assured that while Nigeria remains committed to the global energy transition, it will continue to leverage fossil fuel reserves to finance its energy mix in line with international climate agreements.
“We are fully aligned with the Paris Agreement and remain committed to cleaner, more sustainable exploration. Our doors are open, our laws are clear, and our environment is conducive. Now is the time for U.S. and global investors to become part of Nigeria’s energy success story,” the minister said.
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