• Optimistic 2026 Will Be Better
The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has said that the Nigerian oil sector recorded significant achievements last year, saying, “2025 was a win, and we are just getting started”.He stated that the achievements were driven by reforms, new investments, and strengthened local content.
Lokpobiri stated in a post on his X handle that the industry remained open for business throughout the year, engaging investors, launching new projects, and deepening partnerships across the upstream and downstream sectors.
According to Lokpobiri, Nigeria stayed open for business from the upstream to the downstream sectors and the government engaged investors, launched new projects, strengthened partnerships and deepened local content. He added that the reforms implemented in 2025 boosted production, ensured compliance with obligations, and maintained sustainability as a core focus.
The minister explained that with strong in-country value retention, the Nigerian oil sector delivered real results, saying 2025 was a win, and the sector was just getting started.
“From upstream to downstream, Nigeria stayed open for business. We engaged investors, launched new projects, strengthened partnerships, and deepened local content.
Reforms boosted production, obligations were met, and sustainability stayed in focus. With strong in-country value retention, the oil sector delivered real results. 2025 was a win, and we are just getting started,” Lokpobiri said.
The minister’s comments came amid growing optimism that Nigeria’s oil sector can sustain growth while balancing investor interests and national development goals in the coming years despite its inability to meet the crude production quota set for it by the Organisation of the Petroleum Exporting Countries (OPEC).
