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By Sunday Ani
Edo State Commissioner for Oil and Gas, Andrew Momodu, has assured prospective investors, industry operators and development partners that Edo State remains one of the most attractive destinations for investment in Nigeria’s oil and gas sector, as the administration of Senator Monday Okpebholo is committed to creating an enabling environment that guarantees growth, profitability and long-term sustainability.
The commissioner noted that the 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 largely a virgin territory with significant opportunities for exploration, production, gas development, petrochemical investments, servicing, logistics and downstream operations.
“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.
“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 Okpebholo is demonstrating strong commitment and leadership.”
On the impact of his ministry in creating job opportunities across the state, the former House of Representatives candidate maintained that Governor Okpebolo’s goal is not merely to attract investments but to ensure that such investments translate into jobs, skills acquisition, industrial growth, community development, increased internally generated revenue and improved living standards for our people.
He emphasised that Okpebholo’s administration views the oil and gas sector as a critical driver of economic diversification and wealth creation, adding that the government was determined to harness the sector’s full potential for the benefit of present and future generations.
He 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.
He called on investors across Nigeria and beyond to take advantage of the vast opportunities available in the state, assuring the administration was committed to ensuring that investors receive the necessary institutional support required for project implementation and sustainability.
“The future of the Edo oil and gas sector is bright. Under the leadership of Governor Okpebholo, we are building a sector that will drive industrialisation, 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.
