Nigeria’s oil and gas leaders have identified policy stability, investment incentives and stronger local content implementation as key drivers of renewed industry growth.
The News Agency of Nigeria reports they spoke on Tuesday in Lagos during a panel session at the ongoing Society of Petroleum Engineers (SPE) conference.
The panel, titled “Policy in Practice: Aligning Fiscal Strategy, Foreign Investment and Local Content for Sustainable Growth in Nigeria”, examined industry reforms and investment prospects.
Executives from Chevron Nigeria, TotalEnergies, NNPC Engineering and Technical Company (NETCO) and Heirs Energies said recent reforms have created fresh opportunities.
They, however, stressed that sustained growth would depend on stronger indigenous participation, capacity development and industry collaboration.
