Nigeria and Indonesia are set to deepen collaboration in the petroleum sector with a focus on new investment opportunities.
The Minister of State for Petroleum Resources, Oil, Senator Heineken Lokpobiri, stated this on Tuesday while receiving a delegation from the Government of Indonesia led by the Indonesian Ambassador to Nigeria, His Excellency Bambang Suharto.
A statement by the Special Adviser on Media and Communications to the Minister, Nneamaka Okafor, quoted Minister Lokpobiri as stating that Nigeria’s oil sector remains a competitive destination for investment, offering opportunities for value creation and sustainable long-term returns, irrespective of shifts in global energy dynamics.
The administration of President Bola Ahmed Tinubu, he said, is committed to harnessing Nigeria’s natural resources in a manner that delivers value to Nigerians while creating an enabling environment for investors through policy clarity, regulatory predictability and improved investment confidence.
“Our objective is to harness Nigeria’s natural resources in the best interest of Nigerians and investors. We are positioning the petroleum sector to attract the capital, technology, and partnerships required to unlock its full potential,” he added.
Welcoming Indonesia’s interest in investing in Nigeria’s petroleum sector and participating in relevant opportunities across the industry, the Minister described the proposed areas of cooperation as mutually beneficial and capable of supporting economic growth and stability.
He also invited the Government of Indonesia and Indonesian investors to participate in Nigeria’s forthcoming bid rounds and take advantage of the opportunities they present to enter and invest in the country’s oil sector.
Ambassador Suharto expressed Indonesia’s interest in developing a long-term strategic partnership with Nigeria, particularly in the petroleum and energy sectors.
“Indonesia sees Nigeria as an important strategic partner, and we are interested in expanding our cooperation through investment, technical collaboration, training, and capacity development,” the Ambassador said.
He added that the proposed areas of collaboration would provide opportunities for both countries to deepen their relationship while supporting knowledge transfer and professional development.
