FIN, partners summit to address investment inflow challenges

London-based, Foreign Investment Network (FIN), has said it is working with its partners on initiatives that would address barriers hindering inflow of investment into Nigeria’s oil and gas sector.

To this end, its Chairman, Olayinka Fayomi, said the firm has teamed with the organisers of the yearly Nigerian International Petroleum Summit (NIPS).

Fayomi told The Guardian that while Nigeria boasts of enormous oil and gas resources, reserves have remained largely untapped, owning to the lack of investment into the sector.

FIN explained that the Summit, which is expected to take place from January 27th to 30th, 2019, would focus on the future of the oil and gas industry and other critical industry issues.

Fayomi disclosed that a side event at the Summit, which would be championed by FIN, would focus on money and oil, especially financing of oil projects and unlocking Nigeria’s untapped reserves.

According to her, the event will include discussions on environmental issues as well as clean energy, adding that the event would also feature investment, and presidential and ministerial round tables.

“The Summit will feature about four strategic side events.

Oil magnets and financiers will be under one roof to explore new technology in oil and gas, investment opportunities and access to funding.

“As the world moves towards green energy and biofuel, motorised machine is the new technology and experts will be on hand for an exposure of the hidden treasures in the sector,” Fayomi said.