NNPC Holds Road-Show In China To Attract Investments

Ibe-Kachikwu

The Nigeria National Petroleum Corporation, NNPC, has kicked off a road-show in the Chinese capital, Beijing aimed at attracting investments into the nation’s oil and gas industry.

Ibe Kachikwu, Minister of State for Petroleum, during the event described Nigeria as a reservoir of natural resources waiting to be tapped, urging Chinese investors to join their counterparts around the world who have invested in Nigeria and were doing well.

Kachikwu who also signed an agreement worth $30 million, stated that Nigeria was the preferred investor’s destination because of its liberal policies and quick returns on investment.






     

     

    Anibor Kragha, a top NNPC official who presented the areas of investments to the businessmen, described Nigeria’s oil company as the biggest investment in the African continent. He assured the businessmen of a friendly environment and quick returns on investments in Nigeria’s oil industry

    An indigenous investor in the oil industry, Bryant Orjiakor, who also took part in the roadshow, lent his voice to the attraction in the nation’s oil and gas industry.

    Orjiakor said Nigeria’s oil and gas sector was a major platform on which the country aims to expand its economy, adding that the country’s population was an advantage for quick yields on investment.

    Nigeria is targeting about $15 billion dollars foreign investment from China and the Gulf States to replace and expand ageing infrastructure in the oil industry.

    Join the ICIR WhatsApp channel for in-depth reports on the economy, politics and governance, and investigative reports.

    Support the ICIR

    We invite you to support us to continue the work we do.

    Your support will strengthen journalism in Nigeria and help sustain our democracy.

    If you or someone you know has a lead, tip or personal experience about this report, our WhatsApp line is open and confidential for a conversation

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here


    Support the ICIR

    We need your support to produce excellent journalism at all times.

    - Advertisement

    Recent

    - Advertisement