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| Nnamdi Anowi, NLNG’s Production General Manager, speaking on “De-Risking Investments in African Oil and Gas Projects” at the 10th Sub-Saharan Africa International Petroleum Exhibition and Conference (SAIPEC) in Lagos |
Nigeria LNG (NLNG) has emphasized that building a low-risk energy sector is key to drawing massive investments, fueling economic growth, and bolstering energy security.
During a panel discussion on “De-Risking Investments in African Oil and Gas Projects” at the Sub-Saharan Africa International Petroleum Exhibition and Conference (SAIPEC) in Lagos, NLNG’s General Manager of Production, Nnamdi Anowi, warned that high-risk perceptions drive investors away. This results in stalled projects, widespread job losses, and forgone revenues vital for national progress.
In a statement by NLNG’s Manager of Corporate Communications and Public Affairs, Anne-Marie Palmer-Ikuku, Anowi stressed that de-risking oil and gas initiatives isn’t just smart business, it’s crucial for Nigeria’s economy, energy stability, and sustainable future.
He further explained that for NLNG, lowering risk means keeping gas flowing reliably, meeting long-term contracts, and ensuring the company remains a trusted supplier to global and domestic markets.
“When our projects are well planned and well managed, investors have confidence, operations are stable, and NLNG can continue contributing to Nigeria’s economy,” he said.
According to Anowi, de-risking starts with clear and consistent government policies, strong contracts that are respected, and projects that are properly prepared before money is spent. These steps make it easier for banks and investors to fund projects at lower cost, which ultimately benefits both companies and the country.
Anowi also highlighted the importance of good infrastructure, local skills, and modern technology in reducing everyday operational risks. He said that when pipelines, processing facilities, and digital systems work well, projects are safer, cheaper to run, and more reliable over time.
“If we reduce risk the right way and work together, investment will come, the next decade must focus on growing proven, bankable projects that deliver real value to the country, ” he further said.
In his closing remarks, Anowi noted that Africa and Nigeria in particular is investable when risks are planned for and managed carefully, not ignored.
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