Ondo State Governor, His Excellency, Hon. Lucky Orimisan Aiyedatiwa, has actually stepped up efforts to draw in financial investment into the state’s oil and gas sector, requiring increased expedition and production to harness its hydrocarbon resources.
He guaranteed potential financiers of a favorable and safe company environment, revealing that Ondo ranks 5th amongst Nigeria’s oil-producing states.
Guv Aiyedatiwa spoke on Monday at the 44th Annual International Conference and Exhibition of the Nigerian Association of Petroleum Explorationists (NAPE), held at Eko hotels, Victoria Island in Lagos.
He declared his administration’s dedication to bring in tactical financial investments, enhancing institutional partnership and structure equally helpful collaborations with credible market operators.
He explained the petroleum market as vital to Nigeria’s financial development and nationwide advancement, keeping in mind that increased production, energy security, financial diversity and commercial competitiveness need restored dedication to expedition, enhanced geological intelligence and technological flexibility.
To enhance self-confidence in the state as a financial investment location, the guv stated: “Ondo State is among the most safe states in Nigeria, among the most protected states in Nigeria for financial investment.”
He prompted financiers to prioritise accountable upstream operations, firmly insisting that the advantages of resource advancement need to equate into work, financial chances and enhanced living requirements.
“The real worth of natural deposits need to go beyond production stats, export revenues and federal government earnings,” he stated.
He even more preserved that “the supreme validation for resource exploitation depends on its capability to change lives, empower neighborhoods and develop withstanding shared success”.
The guv stated his administration prioritises advancement interventions in oil-producing neighborhoods, especially in facilities, education, health care, youth empowerment and sustainable incomes.
He explained host neighborhoods as essential partners in petroleum advancement, worrying that they should have fair access to chances and significant stakes in the advantages of oil operations.
On native capability, Governor Aiyedatiwa stated Nigeria needs to move beyond being mainly a resource-producing country and develop itself as a centre of technical know-how, clinical development, technological improvement and commercial worth development.
He required the combination of universities, research study organizations, expert associations such as NAPE and native service business into emerging chances in the energy sector.
He likewise promoted more powerful industry-academia partnership, understanding transfer and used research study to gear up young Nigerian geoscientists, engineers and other technical specialists with pertinent know-how.
Dealing with the worldwide energy shift, the guv stated the shift towards cleaner and more sustainable energy systems should accommodate the developmental situations, energy requirements and financial goals of emerging economies such as Nigeria.
He explained the conference’s style, “Unlocking More Barrels: Driving Reserves Growth Through Exploration, Local Capability and Adaptive Technology”, as prompt, recognizing technological development, resource optimisation, ecological obligation and energy security as vital factors to consider in the altering international energy landscape.
He prompted individuals to establish useful results, actionable suggestions and long lasting collaborations efficient in promoting financial investment, speeding up development, enhancing native involvement, enhancing functional performance, increasing output and broadening chances for the next generation of Nigerian energy experts.
Speaking, the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokobiri, called for purposeful efforts to reinforce Nigeria’s position in the altering international energy landscape through increased financial investment, cooperation and sustainable oil production.
He stated Nigeria is tactically placed to take advantage of advancements in the worldwide energy market, prompting stakeholders to guarantee the nation was not left.
The minister advised market gamers to support universities, useful engineering training and workforce advancement, stressing that competent specialists are necessary to sustainable expedition.
The Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo, revealed that Nigeria’s gas reserves stood at 215 trillion cubic feet since January 1, 2026.
Ekpo, represented by the ministry Director, Elisha Benjamin, explained the conference style as prompt and tactical.
He stated the reserves provide Nigeria a chance to end up being a leading worldwide gas provider, worrying the requirement to equate the nation’s resource capacity into sustainable production, financial investment, commercial advancement and work.
He recognized purposeful financial investment in expedition, especially non-associated gas, advanced seismic imaging and expert system as vital to opening the resources.
In her lecture, the Special Adviser to the President on Energy (Oil and Gas), Olu A. Verheijen, worried the requirement to take apart barriers to Nigeria’s development and unlock higher chances for the nation.
She required efforts to “open more barriers” to lead the way for “a higher future for Nigeria”.
Previously, NAPE President, Olajumoke Cecilia Ajayi, required increased financial investment in Nigerian specialists and native business to enhance the nation’s capability to deal with complicated oil expedition difficulties.
Ajayi, who is likewise the Managing Director and Chief Executive Officer of West African Exploration and Production Company, stated the discovery of brand-new oil reserves depend upon geological know-how, financial investment, innovation and human capability advancement.
She worried the requirement to move regional material from involvement to ability, allowing Nigerian experts and business to deal with significantly intricate technical, functional and business difficulties.
“If we are to open Nigeria’s next generation of barrels, we should likewise open the capacity of our individuals,” she stated.
Previously, the Country Manager of LMK-Halliburton Nigeria and Chairman of the Conference Planning Committee, Dr Anthony Ofoma, prompted oil and gas specialists to accept technological development, constant knowing and partnership to unlock higher worth from expedition.
Credit: Prince Ebenezer Adeniyan, Chief Press Secretary/Special Adviser on Media and Publicity to the Governor of Ondo State.
November 9, 2026.
Picture Credit: Motunrayo Oyedele
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