Kachikwu, Ekere, Wabote seek more FDIs for Nigeria’s oil & gas sector

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu; the Chief Executive Officer, Homeland Integrated Offshore Services Limited, Dr. Louis Ekere; and the Executive Secretary, Nigerian Content Development and Monitoring Board, Mr Simbi Wabote, have urged investors to increase Foreign Direct Investments (FIDs) in Nigeria.

Speaking separately at the Nigerian Oil and Gas Core Strategic Investors’ meeting, which held in the United States on Wednesday, the minister and others said more FDIs would complement the efforts of the current administration in the different sectors of the economy. On his part, Kachikwu said the reforms in the sector had created more space and potential for foreign investors in the sector.

In his speech, Ekere urged foreign investors to invest in Nigeria, assuring that their investment would be safe and earn good returns. In his remarks, Wabote said the President had been able to provide a safe and enabling environment for operators and investors and that foreign investors should feel safe to invest in the country.

Source: THIS DAY

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