In this interview, Heineken Lokpobiri, Minister of State, Petroleum Resources , reveals how President Bola Ahmed Tinubu's signal to the global investing public is beginning to yield spectacular results with a flurry of foreign direct investments in billions of dollars that are merely awaiting formal announcement. According to Lokpobiri, When others were making money Nigeria didn't make money.
Some of what we have been able to achieve is that we have made eûorts towards revamping redundant oil assets to active status; continuous engagement with IOCs and Independent Petroleum Producers Group members in resolving industry disputes towards increasing production; resolutions of internal Joint venture contracts feud between joint ventures partners on critical productions ûelds; engaging local communities with critical assets running through them to protect the assets all in a...
Tied to that is the bureaucratic bottlenecks that used to hinder investment. We have been working diligently to eliminate the bureaucracies and bottlenecks that have stifled investment for over a decade. We have made significant strides in attracting and sustaining investments in the sector by resolving conflicting issues and fostering a more consistent policy and business-friendly environment.
The issue of sustainability is very important. What confidence can you give investors that this administration will not suddenly begin shifting goal posts?