NNPC set to attracts investments thorough Beijing Road Show

The Nigeria National Petroleum Corporation (NNPC) began a road show in the Chinese capital city of Beijing to attract investments into the nation’s oil and gas sector Tuesday.

The Minister for Petroleum, Ibe Kachikwu, described Nigeria as a reservoir of natural resources waiting to be tapped and urged the Chinese investors to join their counterparts who have invested in Nigeria and were doing well in various spheres of the economy.

He noted that Nigeria was a preferred investor’s destination because of its liberal policies and quick returns on investments and simultaneously signed an agreement worth $30 million.

Anibor Kragha, an NNC top official, who presented the areas of investments to the businessmen, described Nigeria’s oil company as the biggest investment in the African continent looking for partners that will be part of Nigeria’s oil and gas revolution.

Lending his voice to the attraction in the nation’s oil and gas sector, Bryant Orjiakor, an indigenous investor in the industry, identified Nigeria’s population as an advantage for quick yields on investments.

Affirmed also is that Nigeria is targeting about $15 billion foreign investments from China and the Gulf States to replace and expand its ageing infrastructure in the oil industry.

Similarly, the NNPC targets $50 million investment from its road show and its major target of investors are in china, India and the gulf countries.