The Nigeria LNG Limited (NLNG) has underscored that a well-structured, low-risk energy sector is the fundamental requirement for attracting massive capital, accelerating economic development, and reinforcing national energy security, reports ITREALMS.
Anowi warned that when energy projects are perceived as high-risk, investors naturally withdraw, triggering a chain reaction of stalled projects, significant job losses, and a decline in revenue essential for national growth.
Reducing risks within the oil and gas landscape is more than a corporate strategy; it is a matter of urgent national importance.
Anowi noted that when projects are meticulously planned and managed, it builds the investor confidence necessary for operational stability, allowing the company to remain a consistent contributor to the Nigerian economy.
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According to the NLNG executive, the path to a de-risked industry begins with clear and consistent government policies, the sanctity of contracts, and thorough project preparation before capital is committed.
These foundational steps ensure that financial institutions and private investors can fund energy projects at lower costs, providing a mutual benefit to the operators and the nation.
Beyond policy, the importance of robust infrastructure, local technical skills, and the adoption of modern technology was highlighted as essential to mitigating daily operational hazards.
Anowi concluded that the next decade must prioritize the growth of proven, bankable projects that deliver tangible value.
He maintained that Africa, and Nigeria in particular, remains highly investable when risks are carefully planned for and managed rather than ignored.
By ensuring that pipelines, processing facilities, and digital systems operate at peak efficiency, the sector becomes safer, more cost-effective, and increasingly attractive to the global investment community.
Remmy Nweke/DoP
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