FG to attract over $10bn investments to the oil and gas industry – Kachikwu

The Minister of State, Petroleum Resources, Dr Emmanuel Kachikwu, says the federal government will attract more than $10bn investments to the oil and gas industry in the next five years.

Kachikwu said this in Abuja at the ongoing Nigerian Oil and Gas Conference tagged reforming and repositioning the oil and gas industry in Nigeria.

He said that the investments would address challenges facing the oil and gas industry, covering pipelines, refineries, gas and power, facility refurbishment and upstream financing.

The Minister of State said that the objective was to bridge the infrastructure funding gaps in the Nigerian oil and gas sector.

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