Isaac Money – Yenagoa
Minister of state for Petroleum (Oil)., Sen. Heineken Lokpobiri, says Nigeria’s oil sector is focused on securing investments, not loans, to drive mutual economic growth.
Sen. Lokpobiri made the clarification at the Exclusive Reception Dinner, hosted by the Embassy of the United Kingdom of Belgium in Nigeria ahead of this year’s Nigeria International Energy Summit (NIES), brought together dignitaries and key players in the global energy sector.
In a statement from his media aide, Nneamaka Okafor, said the minister also emphasized that Africa’s distinct approach to energy transition, is one that prioritizes combating energy poverty while advancing sustainable development.
According to the minister , his recognition of the need for accessible energy solutions informed his invitation of investors to explore Nigeria’s oil sector.
He told his audience that Nigeria’s “focus is on securing investments, not loans, to drive mutual economic growth”, and also called for a globally inclusive energy transition framework that “reflects Africa’s unique developmental challenges and ensures no region is marginalized in the global shift toward cleaner energy sources”.
