HomeBusinessNaija Oil Sector Don Come Back Like Wizkid For Stage!

Naija Oil Sector Don Come Back Like Wizkid For Stage!

Omo, you no go believe wetin dey happen for Naija oil sector! The Minister of State for Petroleum, Senator Heineken Lokpobiri, don drop bombshell wey go change our energy game. Nigeria don approve 28 fresh Field Development Plans (FDPs) wey worth $18.2 billion, and this one go unlock about 1.4 billion barrels of crude oil reserves for 2025 alone. Na serious matter o!

This big reveal happen for Nigeria International Energy Summit (NIES) wey President Bola Tinubu send Vice-President Kashim Shettima go represent am. Lokpobiri talk say e be like Naija sector don scatter before, plenty stalled projects and capital dey run comot like thief in the night. But now, things don change no be small.

According to Lokpobiri, between 2024 and 2025, four out of seven major Final Investment Decisions (FIDs) wey happen for Africa na Nigeria carry am. Why? Na because of di clear policies and strong leadership wey Tinubu government dey show. Na dat one don make investors dey rush back like craze!

Di minister no just stop there. E talk say dem don position di petroleum sector as big player wey fit compete globally. Investment wey dey come in don make many things possible, like onshore and shallow-water assets wey dem transfer from big foreign companies go local operators like Seplat and Oando. E mean say Naija wey dey burst everywhere now get more control of wetin dey happen for we oil!


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