Nigeria LNG Limited (NLNG) has emphasized that establishing a stable, low-risk operating environment is the only way to rebuild investor confidence and attract the capital necessary for Nigeria’s long-term energy security.
Speaking on Thursday at the Sub-Saharan Africa International Petroleum Exhibition and Conference (SAIPEC), Mr. Nnamdi Anowi, NLNG’s General Manager of Production, warned that perceived high risks cause capital to retreat, leading to stalled developments and lost national revenue.
Anowi stressed that de-risking the oil and gas sector is a matter of national importance rather than just a corporate strategy.
For NLNG, this translates into operational reliability and strict contractual discipline. By maintaining a steady gas supply and honoring long-term agreements, the company aims to uphold its reputation as a dependable supplier to both domestic and international markets.
According to Anowi, the foundation of effective risk management lies in consistent government policies and enforceable contracts.
He noted that such measures lower financing costs by providing the transparency required by international lenders.
Beyond policy, he highlighted the need for modern infrastructure and skilled local manpower to minimize vulnerabilities, asserting that the next decade must focus on expanding bankable projects that deliver tangible value to the country.