Business

FG Moves to Strengthen Local Energy Supply Chain

The Federal Government has announced plans to improve Nigeria’s local energy supply chain to protect the country from global problems that continue to affect trade and energy activities worldwide.

Speaking at the 2025 Nigeria Annual International Conference and Exhibition of the Society of Petroleum Engineers in Lagos, the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, said that Nigeria must stop depending too much on foreign supply chains. He explained that global challenges such as trade wars, economic sanctions, currency issues, insecurity, and conflicts are making it harder to operate energy businesses across borders.

Lokpobiri said that while Nigeria will still work with global partners, the country needs to build stronger local systems that can help it grow and remain stable during international disruptions. He added that building local energy capacity is important for creating more jobs, attracting investment, and giving local professionals more opportunities.

He also talked about the government’s ongoing reforms to attract investment into Nigeria’s oil and gas sector. These reforms include the Petroleum Industry Act, which is making the sector more open and competitive. According to Lokpobiri, these changes are already giving investors more confidence and encouraging growth in the industry.

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The minister said that many foreign governments and private companies are now showing interest in investing in Nigeria’s energy sector. He mentioned that the country is getting more partnership offers, which shows that investors believe in the future of Nigeria’s energy industry.

As part of the plan to grow local talent in the energy sector, Lokpobiri announced that a new postgraduate energy university will be set up in Kaduna. This university is being developed in partnership with three top universities in the United Kingdom. The aim is to train Nigerian professionals to meet global standards and to encourage more knowledge-sharing between local and foreign experts.

Lokpobiri ended by calling on all energy stakeholders—experts, investors, government officials, and academics—to work together to create a stable and successful energy industry. He said everyone must focus on using modern technology, growing talent both in Nigeria and abroad, and supporting government efforts that attract investment and ensure long-term success.

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