Chevron Seeks Long-term Investment to Secure Nigeria’s Energy Future

Chevron Nigeria Limited (CNL) is calling for enhanced collaboration across government bodies, regulatory agencies, and industry operators as a crucial foundation for building a robust oil and gas sector capable of driving growth, creating jobs, and ensuring energy security for Nigeria. The company stresses that the scale of Nigeria's energy potential is immense, but no single player can achieve it in isolation.

Speaking at the 49th Nigerian Annual International Conference and Exhibition (NAICE) in Lagos, CNL Managing Director, Mr. Jim Swartz, highlighted the necessity of collective effort. "Collaboration is essential because no single company, institution, or stakeholder can address the opportunities and challenges of the intersector alone," Swartz stated. He also underscored the pivotal role of technology in fostering safer operations, improving performance, and shaping the future of the industry.

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Collaboration is essential because no single company, institution, or stakeholder can address the opportunities and challenges of the intersector alone.

Swartz outlined four fundamental pillars he believes are vital for securing a resilient energy future in Nigeria. These include the necessity of continued investment in the sector, the implementation of enabling policies that provide long-term stability, the development of competitive and durable local capacity, and the cultivation of strong partnerships involving government, regulators, industry stakeholders, and the technical community. Chevron, with over six decades of presence in Nigeria, highlighted its historical role in establishing the industry's foundation and developing technical expertise within the country.

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Building a resilient energy future requires continued investment, enabling policies that are resilient for the long-term, local capacity development that’s competitive and durable as well, and strong partnerships across governments, regulators, industry, and the technical community.