NLNG calls for stricter risk management to drive oil and gas growth
Nigeria Liquefied Natural Gas (NLNG) Limited has stressed the need for a well-structured, lowrisk environment in Nigeria’s energy sector as critical measure to unlocking fresh investments, accelerating economic growth, and strengthening the nation’s energy security.
Speaking during a panel session titled ‘De-Risking Investments in African Oil and Gas Projects’ at the Sub-Saharan Africa International Petroleum Exhibition and Conference (SAIPEC) which took place from February 10 to 12 in Lagos, NLNG’s general manager, Production, Nnamdi Anowi, said high-risk perceptions often discourage investors, and thereby result to stalled projects, job losses, and lost revenue opportunities vital to national development.
Anowi noted that reducing risk in oil and gas projects goes beyond corporate strategy, which he observed as a national imperative for economic stability and long-term growth. He explained that NLNG, derisking translates to ensuring steady gas supply, meeting long-term contractual obligations, and maintaining its position as a reliable supplier to both domestic and global markets.
“When projects are properly planned and professionally managed, investor confidence grows, operations remain stable, and NLNG can sustain its contribution to Nigeria’s economy,” he said. According to Anowi, effective de-risking begins with clear and consistent government policies, sanctity of contracts, and thorough project preparation before financial commitments are made.
