Come Invest In Nigeria, NNPC Baru Sells Country As Land Of Opportunities For Investors

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) Dr. Maikanti Baru, on Tuesday, wooed investors at the ongoing 10th World Energy Capital Assembly in London.

Baru described Nigeria as the finest destination in Africa for many untapped business opportunities with an environment very conducive for investors to thrive.

The NNPC GMD informed the investors of the Federal Government’s continued efforts to improve the country’s ease of doing business.

“Globally Nigeria has the highest untapped deep water resource of about 10 billion barrels of oil equivalent, in addition to other vast opportunities in the oil and gas value chain”, said Group General Manager Corporate Planning & Strategy of the Corporation, Mr Bala Wunti, who represented the GMD at the world event.

“Nigeria has the largest and one of the most vibrant economy in Africa with lots of potentials, especially in the gas, refining and infrastructure space”.

Wunti stated this during session of summit tagged “Spotlight on Africa”.

He told the investors that the President Muhmmadu Buhari administration has, through its economic policies, continued to phase out many bottlenecks hindering businesses in the country.

“I invite you all to a country that has massive opportunities, very good business climate and good returns on investment,” he said, adding that, “As the energy capital of the African Continent, our resilience has been tested, we have been through the booms and the busts and we came out stronger. With our experience, geographical location and capacity, Nigeria is the country of now and the future”

Wunti said in line with its 12 Business Focus Areas, the leadership of the NNPC has remained committed to harnessing these opportunities through collaboration and building robust partnerships

In attendance at 10 year Anniversary of the event include Lord John Browne, the Baron Browne of Madingley and CEO of British Petroleum from 1995 to 2007, the Global Chief Economist of British Petroleum, Mr. Spencer Dale, the Senior Vice President of Abu Dhabi National Oil Company, Mr. Abdul Nasser Al Mughairbi and the Senior Vice President and Chief Economist of Equinor, Mr. Eirik Wærness, among others.