Nigeria Must Sustain Oil and Gas Investment During Energy Transition, Says Minister

Nigeria must maintain steady investment across its oil and gas industry even as the global energy transition progresses, according to the Minister of State for Petroleum Resources, Ekpo. The minister stated that the country cannot afford to step away from developing its hydrocarbon resources while cleaner alternatives are pursued internationally.

The position highlights the continued strategic importance of petroleum assets to the domestic economy. While global markets advance decarbonisation agendas, securing ongoing capital inflows into domestic production remains critical to safeguarding national revenue and meeting baseline energy demands.

For offshore contractors, vessel operators, and marine procurement teams, this commitment points towards sustained demand for field support, equipment supply, and technical services. Maintaining investment in exploration and development will require dependable logistics networks and specialised offshore support to keep operations running across Nigerian waters.