Special Adviser to the President on Energy, Mrs. Olu Verheijen, has said that the Bola Tinubu administration will continue to explore ways to improve the country’s business climate, to attract more investments into the gas and energy sector.

Verheijen spoke in Abuja at the Day 2 Plenary session of the on-going Nigeria International Energy Summit, NIES, 2024.

The Special Adviser was part of a high-level panel that included the Secretary General of OPEC, Haitham al-Ghais; Secretary General of APPO, Dr Omar Farouk; Secretary General, of International Energy Forum (IEF), Joseph McMonigle; Ambassador of Germany to Nigeria, Annett Günther; CEO, Lekoil Ltd, Mr. Olalekan Akinyanmi; CEO, Shell Companies in Nigeria, and Chairman OPTS, Mr. Osagie Okunbor.

On how Nigeria is balancing meeting its energy needs and global requirements for energy transition, Verheijen said: “Nigeria has a significant role to play in the global energy markets, in not only meeting energy security to address energy security at home, as well as on the continent, and to make sure we’re doing so sustainably and that this is affordable.

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“This includes the use of energy in meeting various end uses to power our industrialization, to literally gas to power value chain, or even in domestic uses.

“One of the focus areas for this administration is to ensure that the government doesn’t stay in the business of investing capital in a sector that can easily attract private sector capital. We have to ensure that the opportunity sets are just as attractive and rank high in the global portfolios of investors.

“If we’re not in a competitive environment and we’re not making sure that our opportunities are attractive, then we will not be able to attract that capital.

Vanguard Newspaper