NLNG urges risk management to drive oil, gas growth

Nigeria Liquefied Natural Gas (NLNG) Limited has reaffirmed that creating a well-structured, low-risk environment in Nigeria’s energy sector is critical 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) in Lagos, NLNG’s General Manager, Production, Nnamdi Anowi, said high-risk perceptions often discourage investors, resulting in stalled projects, job losses, and lost revenue opportunities vital to national development.

Anowi stressed that reducing risk in oil and gas projects goes beyond corporate strategy and is a national imperative for economic stability and long-term growth. For NLNG, he explained, de-risking 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 him, effective de-risking begins with clear and consistent government policies, sanctity of contracts, and thorough project preparation before financial commitments are made. These measures, he noted, lower financing costs and enhance bankability.

He further emphasised the role of robust infrastructure, skilled local workforce, and modern technology in minimising operational risks. Functional pipelines, efficient processing facilities, and reliable digital systems, he said, improve safety, reduce costs, and enhance long-term reliability.

Anowi maintained that Nigeria and Africa remain attractive investment destinations when risks are proactively identified, structured, and managed.

“If we reduce risk the right way and work together, investment will come. The next decade must focus on growing proven, bankable projects that deliver real value to the country,” he added.