ADVERTISEMENT
  • Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Wednesday, September 17, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Invest In Nigeria’s Oil Sector, Lokpobiri Urges UAE

by Nse Anthony - Uko
1 year ago
in Business
Lokpobiri
Share on WhatsAppShare on FacebookShare on XTelegram

The federal government has encouraged the United Arab Emirates (UAE) to invest in Nigeria to harness its vast oil deposits.
The minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, who made this call on Monday, in Abuja, also assured the UAE of a friendly business environment.

Advertisement

Lokpobiri stated this when the UAE Ambassador to Nigeria, H.E. Salem Saeed Al Shamsi, visited him in Abuja, according to a statement by his media aide, Nneamaka Okafor, yesterday.
Lokpobiri emphasised Nigeria’s commitment to increasing oil production, adding that while Nigeria “is not in a rush to transition away from oil, the country is actively seeking to enhance its production capabilities”.

“According to him, “We are focused on ramping up our oil production. At the same time, we are inviting UAE investors to look at Nigeria as a prime destination. Our business environment is friendly, and our crude deposits are vast.”
He highlighted the benefits of the Petroleum Industry Act (PIA), which provides a robust legal framework that guarantees returns on investments and has significantly reshaped the oil and gas sector.

“The PIA ensures a secure and profitable investment climate, making Nigeria an attractive location for investors,” he noted.
The minister expressed his pleasure at the visit, viewing it as a significant demonstration of the strong and enduring diplomatic relationship between Nigeria and the UAE.

“The visit from Ambassador Al Shamsi and his team is a testament to the valued relationship between our two nations. It underscores our commitment to transforming our energy sectors for mutual benefit.”

Related News

NBS Report: Ekiti Confident Interventions Will Reduce High Inflation Rate

8 hours ago

All Federal Airports Fully Insured, Runways Under Overhaul — FAAN

12 hours ago

On his part, Ambassador Al Shamsi said: “We see great potential in Nigeria’s energy sector and appreciate the steps being taken to create a conducive investment environment. Our countries have much to gain from continued collaboration.”

Join Our WhatsApp Channel

Tags: Heineken Lokpobiri
SendShare10183Tweet6365Share

Other News Updates

Business

NBS Report: Ekiti Confident Interventions Will Reduce High Inflation Rate

2025/09/17
Business

All Federal Airports Fully Insured, Runways Under Overhaul — FAAN

2025/09/17
Agriculture

Federal Government Unveils $3.14bn Agric Investment Scheme With FAO

2025/09/17
Business

Upstream Sector Attracts $18.2bn Investment, Unlocks 1.4bn Oil Barrels

2025/09/17
Business

CBN Enlightens Kano Residents About New Banking Initiatives

2025/09/17
Business

Rehoboth City Estate Unveils Wazobia, Smart Housing Project In Abuja

2025/09/17
Leadership Conference advertisement

LATEST

Federal Government Reintroduces History As Compulsory Subject

ECOWAS Chair Bio Meets Burkina Faso Leader For Talks On Regional Peace, Stability

Wike Hails Tinubu For Lifting Emergency Rule On Rivers

INEC Backs Call For Increased Women Representation In Political Leadership

Supreme Court Affirms Ondo Governor’s Election

Suspected Terrorists Gunned Down In Imo Communities — Police ¬

IPPIS Staff Plead Guilty To Diverting Salaries Of Ex-Government Workers

Fubara: ‘Supreme Court Should Have Decided PDP Governors’ Case’, Says Ex-ACF Scribe

Tinubu Redefining Modern Leadership, Says VP Shettima

Police Arrest 6 Suspected Illegal Miners In Niger

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.