Future of Edo oil and gas sector is bright – Momodu
By Henry Obetta
The Edo State Commissioner for Oil and Gas, Mr. Andrew Momodu, has called on prospective investors, industry operators, and development partners interested in Nigeria’s oil and gas sector to partner with the state, emphasizing that the current administration is committed to providing an enabling environment that supports growth, profitability, and long-term sustainability.
Speaking during an interaction with journalists in Lagos, Momodu said Edo State possesses vast untapped resources that position it as one of Nigeria’s emerging investment destinations in the oil and gas industry. He noted that the state offers significant opportunities in exploration, production, gas development, petrochemicals, logistics, servicing, and downstream operations.
“Edo State is open for business,” he said. “We are strategically positioning the state as a preferred destination for oil and gas investments by creating the right conditions for investors to succeed. Deliberate efforts are being made to ensure investors enjoy the same level of support, collaboration, and incentives that have attracted major investments to other oil-producing states.
“Our administration recognizes that investments thrive where there is policy consistency, security, government support, infrastructure development, and ease of doing business. These are areas where Governor Monday Okpebholo has demonstrated strong commitment and leadership.”
Momodu explained that Governor Okpebholo’s objective goes beyond attracting investments, stressing that the administration is focused on ensuring such investments generate employment opportunities, promote skills development, stimulate industrial growth, support community development, increase internally generated revenue, and improve the overall standard of living for residents.
He described the oil and gas sector as a key driver of economic diversification and wealth creation, adding that the government is determined to fully harness its potential for the benefit of both present and future generations.
The commissioner assured investors that the state government would continue to strengthen partnerships with industry stakeholders while maintaining a business-friendly environment capable of attracting both domestic and foreign investments.
He urged investors within and outside Nigeria to take advantage of the numerous opportunities available in Edo State, assuring them of the institutional support necessary for successful project execution and long-term sustainability.
“The future of Edo State’s oil and gas sector is promising. Under the leadership of Governor Monday Okpebholo, we are building a sector that will drive industrialization, economic prosperity, and sustainable development. The ministry will continue to collaborate closely with industry stakeholders, regulatory agencies, host communities, and investors to establish a framework that promotes operational efficiency, safeguards investments, encourages community participation, and delivers mutual benefits for all parties,” he said.