Nigeria’s Minister of State for Petroleum Resources in charge of Oil, Senator Heineken Lokpobiri, says that the Federal Government of Nigeria is taking concrete steps to build a resilient local energy supply chain to cushion Nigeria against global disruptions that have increasingly threatened the stability of cross-border energy operations.

Speaking at the just concluded 2025 Nigeria Annual International Conference and Exhibition of the Society of Petroleum Engineers in Lagos, the Minister of State for Petroleum Resources (Oil), the minister said that Nigeria could no longer afford to rely solely on international supply chains amid rising uncertainties globally.

“On the matter of supply chain, we recognise the multifaceted challenges – trade wars, sanctions, currency instability, regional conflicts, and security concerns.”

These disruptions have affected the flow of goods and services across borders,” he said.

“While we continue to engage internationally, we must also strengthen local capacity and resilience to mitigate future shocks,” he said.

Lokpobiri explained that these efforts are part of the government’s broader strategy to fortify the country’s energy ecosystem while expanding opportunities for local players.

He noted that the administration of President Tinubu has pursued deliberate and investment-driven reforms to position Nigeria as a preferred destination for energy investment.

“The Federal Government, under the leadership of President Tinubu, has pursued deliberate and investment-friendly policies aimed at positioning Nigeria as the leading destination of energy investors.

“The implementation of the Petroleum Industry Act has brought about liberalisation of the national sector, improved wealth and mobility, and boosted investor confidence. Through that solid base, executive orders, and other strategic incentives, we are making Nigeria increasingly attractive to both local and international partners,” he said.

GIK/APA