Nigeria Liquefied Natural Gas Limited (NLNG) says creating a low-risk energy environment is essential to attracting investment, driving economic growth, and strengthening Nigeria’s energy security.
Speaking at a panel session titled “De-Risking Investments in African Oil and Gas Projects” at the Sub-Saharan Africa International Petroleum Exhibition and Conference (SAIPEC) in Lagos, NLNG’s General Manager, Production, Mr. Nnamdi Anowi, said projects perceived as high-risk often discourage investors, resulting in stalled developments, job losses, and lost revenue vital to national growth.
He stressed that reducing risks in oil and gas projects goes beyond business considerations and is of national significance to Nigeria’s economy, energy security, and long-term development.
Anowi explained that for NLNG, lowering risk involves ensuring steady gas supply, fulfilling long-term contractual obligations, and maintaining its reputation as a reliable supplier to both global and domestic markets.
“When our projects are well planned and well managed, investors have confidence, operations are stable, and NLNG can continue contributing to Nigeria’s economy,” he said.
According to him, de-risking begins with clear and consistent government policies, enforceable contracts, and thorough project preparation before financial commitments are made.
Finance Projects
He noted that such measures enable banks and investors to finance projects at reduced costs, ultimately benefiting both companies and the nation.
Anowi also underscored the role of robust infrastructure, skilled local manpower, and modern technology in minimising operational risks.
He said efficient pipelines, processing facilities, and digital systems help make projects safer, more cost-effective, and dependable in the long term.
“If we reduce risk the right way and work together, investment will come, the next decade must focus on growing proven, bankable projects that deliver real value to the country, ” he said.
In his closing submission, Anowi maintained that Africa, particularly Nigeria, remains attractive for investment when risks are carefully identified, planned for, and managed rather than overlooked.