Niger Courts Dangote for Oil Exploration Push

Niger State in Nigeria is actively seeking private sector partners, notably the Dangote Group, to unlock the crude oil potential of the Bida Basin. Officials have extended an invitation for investment in exploration activities, signaling a strategic move to diversify the state's economy.

The state government plans to operate under a Joint Venture–Public Private Partnership model, where it will hold a minimal stake in the venture. This approach aims to leverage private sector expertise and capital while ensuring the state benefits from the exploration.

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The state government intends to retain only a minimal stake in the venture through a Joint Venture–Public Private Partnership arrangement.

During a recent Niger National Trade Fair, the Commissioner for Trade, Investment, Industry, and Private Sector Development, Aminu Takuma, highlighted the state's "One-Stop-Shop" investment model designed to facilitate engagement with private operators. Takuma commended the Dangote Group for its significant industrial contributions, including the construction of a major refinery, and affirmed Niger State's commitment to investor-friendly policies.

Fatima Wali Abdurrahman, Regional Director and Senior Adviser to Aliko Dangote, described the Dangote Group as a natural partner for Niger State, referencing existing investments in rice processing. She praised Governor Umaru Bago's initiatives to foster economic growth and industrial development, reiterating the group's commitment to strengthening its partnership with the state government.

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The Dangote Group remains committed to sustaining and strengthening its partnership with the Niger State Government.