Nigeria is unveiling multi-billion-dollar investment opportunities in local content across the oil and gas value chain, according to Senator Heineken Lokpobiri, Minister of State for Petroleum Resources (Oil).

Speaking at the ongoing 2025 Nigerian Oil and Gas Opportunity Fair (NOGOF) in Bayelsa, Lokpobiri reaffirmed the federal government's commitment to leveraging local content as a strategic tool for industrialization, innovation, and inclusive economic growth in Nigeria.

"We are unveiling multi-billion-dollar investment opportunities across the upstream, midstream, and downstream value chains — including crude oil processing, marginal field development, refining, construction, logistics, and more — all anchored in local content," Lokpobiri stated.

The minister highlighted that the Nigerian Content Intervention Fund, managed by the Bank of Industry (BoI), has been disbursing single-digit interest loans to several local companies to spur growth in the sector.

"The fund has helped indigenous businesses scale operations and deliver value across the sector for the betterment of all of us," he noted.

Lokpobiri emphasized the critical role of Nigeria in Africa's oil and gas landscape, stating that President Bola Ahmed Tinubu envisions a Nigerian oil and gas sector that is a reference point both in Africa and globally.

"If Nigerian content fails, Africa fails. What Nigeria cannot do, Africa cannot do. When we talk about African local content, we must be referring to Nigerian local content. We must lead by design," the minister asserted.

The 2025 NOGOF serves as a platform for showcasing investment opportunities in Nigeria's oil and gas industry, bringing together stakeholders to explore partnerships and growth strategies that align with the government's vision for the sector.

This development comes as Nigeria continues to position itself as a key player in Africa's energy landscape, with renewed focus on maximizing local content to drive economic diversification and sustainability.