Nigeria is taking major steps to boost local participation in its oil and gas industry. At the 2025 Nigerian Oil and Gas Opportunity Fair (NOGOF) in Bayelsa, Senator Heineken Lokpobiri, Minister of State for Petroleum Resources (Oil), announced exciting new investment opportunities worth billions of dollars, focused on local content across the entire oil and gas value chain.
The Nigerian government is using local content as a vital tool to grow industries, encourage innovation, and support inclusive economic development. This strategy aims to empower Nigerian businesses and communities through the oil and gas sector.
To help local businesses expand, the Nigerian Content Intervention Fund, managed by the Bank of Industry, provides loans with low interest rates. These funds enable indigenous companies to grow and contribute more effectively to the sector.
President Bola Ahmed Tinubu envisions Nigeria’s oil and gas sector becoming a global and African leader. The government is committed to turning this vision into reality by focusing on local content.
Nigeria’s success in developing local content is crucial not only for the country but for the entire African continent. If Nigeria struggles, the continent’s oil and gas industry could face serious setbacks.
The intervention fund has already helped Nigerian companies scale their operations and add value throughout the oil and gas industry. This support is vital for creating jobs and building expertise.
Nigeria is unveiling investment opportunities in all parts of the oil and gas industry — upstream, midstream, and downstream. This includes crude oil processing, marginal field development, refining, construction, and logistics — all with a strong focus on boosting local content.
Minister Lokpobiri emphasized that African local content development depends largely on Nigeria’s leadership. He warned that if Nigeria fails, the continent’s ambitions in the energy sector could also fail.
Lokpobiri ended with a clear message: Nigeria cannot afford to fail in this mission. The country’s success is vital for Africa’s energy future and economic growth.
Nigeria’s multi-billion-dollar local content investment plan marks a major turning point for the country and Africa’s oil and gas industry. With strong government support and a focus on local businesses, Nigeria is set to lead the way in transforming the sector for years to come.
