Heineken Lokpobiri, minister of state for petroleum resources (Oil)
Heineken Lokpobiri, minister of state for petroleum resources (oil), has ask engineering, procurement, and construction (EPC) companies that exited Nigeria’s oil and gas sector to return and reinvest in the country.
Lokpobiri spoke on Monday at the 2025 Nigeria annual international conference and exhibition organised by the Society of Petroleum Engineers (SPE) Nigerian Council.
He said President Bola Tinubu’s administration has worked hard to create an investment-friendly environment.
“I would like to use this opportunity to make a strong case to Engineering, Procurement, and Construction companies that have previously operated in Nigeria and have since exited,” Lokpobiri said.
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“With reforms given by the Petroleum Industry Act and other strategic incentives, Nigeria is positioned as a dependable and rewarding destination for EPC companies.
“We recognise the pivotal role EPC companies play in infrastructure development, project execution, and technology transfer within the energy sector.
“Therefore, we invite you to return, reinvest, and become part of Nigeria’s renewed journey toward energy security and economic prosperity.”
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On April 24, Lokpobiri had said Nigerians will benefit more from divestments of IOCs.
He added that “if people want to invest, that question is no longer whether Nigeria is an investment destination where you can come and invest and also divest”.
