Future of Edo oil and gas sector is bright – Momodu

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By Henry Obetta

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The Commissioner for Oil and Gas in Edo State, Mr. Andrew Momodu has urged prospective investors, industry operators and development partners that wish to invest in Nigeria’s oil and gas sector to collaborate with the state stating its current administration is committed to creating an enabling environment that guarantees growth, profitability, and long-term sustainability in the sector.

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Speaking in an interaction with journalist in Lagos, Momodu stated that Edo State possesses enormous untapped potential that places it among the emerging investment frontiers in Nigeria’s oil and gas industry, stressing that the State remains a territory with significant opportunities for exploration, production, gas development, petrochemical investments, servicing, logistics, and downstream operations.

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He said: “Edo State is open for business. We are strategically positioning our State as a preferred destination for oil and gas investments by creating the right environment for investors to thrive. We are taking deliberate steps to ensure that investors enjoy the same level of support, collaboration, and incentives that have helped attract major investments to other oil-producing states.

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“Our administration understands that investment flows to locations where there is policy consistency, security, government support, infrastructure development, and ease of doing business. These are areas where Governor Monday Okpebholo is demonstrating strong commitment and leadership.”

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According to the Commissioner, the goal of Governor Monday Okpebholo is not to merely attract investments but to ensure that the investment translates into jobs, skills acquisition, industrial growth, community development, increased internally generated revenue, and improved living standards for residents of the state.

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He emphasized that the Governor’s administration views the oil and gas sector as a critical driver of economic diversification and wealth creation, adding that the government is determined to harness the sector’s full potential for the benefit of present and future generations.

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Momodu assured investors that Edo State would continue to strengthen partnerships with industry players and create a business-friendly environment capable of attracting both local and international investments.

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He called on investors across Nigeria and beyond to take advantage of the vast opportunities available in Edo State, assuring the administration is committed to ensuring that investors receive the necessary institutional support required for project implementation and sustainability.

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“The future of Edo oil and gas sector is bright. Under the leadership of Governor Monday Okpebholo, we are building a sector that will drive industrialization, economic prosperity, and sustainable development as the ministry will continue to work closely with industry stakeholders, regulatory agencies, host communities, and investors to establish a framework that promotes operational efficiency, protects investments, guarantees community participation, and ensures mutual benefits for all parties”, he assured.

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