Friday , September 29 2023

Britain To Invest In Nigeria’s Oil Pipelines, Others

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The British government has said it will invest in Nigeria’s oil pipeline infrastructure, renewable energy, as well as gas and power.

The British High Commissioner to Nigeria, Mr. Paul Arkwright, disclosed this when the Group General Manager, Group Public Affairs Division, Nigerian National Petroleum Corporation, Mr. Ndu Ughamadu, paid a courtesy visit to the Chancery of the British High Commission in Abuja.

Arkwright said Britain had genuine investment interests in the downstream, midstream and upstream sectors of the Nigerian oil and gas industry.

He noted that the British Department for International Trade was ready to liaise with the Federal Government to invest in Nigeria.

The high commissioner also urged the Federal Government and the NNPC to organise a roadshow in London to create awareness on the possible investment opportunities available in the Nigerian oil and gas sector.

Arkwright said many British investors had funds, which they were willing to invest in Nigeria, stressing, however, that the process of obtaining Nigerian visa in the UK was cumbersome with three different levels of visa procurement fees as well as Nigeria’s postal order system.

In his response, Ughamadu, on behalf of the Group Managing Director of the corporation, Dr. Maikanti Baru, condoled with the British government over the recent terror attacks on the UK.

He assured the high commissioner and his team in Nigeria that the corporation would sustain the cordial relations between both countries.

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