The Minister of Petroleum Resources (Oil), Heineken Lokpobiri, has appealed to Engineering, Procurement, and Construction (EPC) companies that have exited Nigeria’s oil and gas industry to return and reinvest in the country.
Lokpobiri made the call on Monday during the 2025 Nigeria Annual International Conference and Exhibition, organised by the Society of Petroleum Engineers, Nigerian Council.
According to the minister, President Bola Tinubu’s administration has made deliberate efforts to create a more stable and investment-friendly business climate for energy stakeholders.
“I would like to use this opportunity to make a strong case to EPC companies that have previously operated in Nigeria and have since exited. The current administration has worked tirelessly to ensure a more stable and investment-friendly business environment,” Lokpobiri stated.
He emphasized the strategic role EPC firms play in infrastructure development, project execution, and technology transfer, urging them to seize the improved environment and return.
“With reforms given by the Petroleum Industry Act and other strategic incentives, Nigeria is positioned as a dependable and rewarding destination for EPC companies,” he added.
The minister reassured international and local investors that the government is committed to sustained reforms aimed at attracting long-term investment into Nigeria’s vital oil and gas sector.
