Chairman, House of Representatives Committee on Nigeria-China Relationship, Jafaru Yakubu, says about 74 Chinese companies have indicated interest in investing in Nigeria’s oil and gas sector.
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Yakubu, who disclosed this during a recent meeting with the Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission NUPRC, said the companies are part of the 216 companies from China, interested in investing in various sectors of the country’s economy.
He revealed that following the recent signing of the Nigeria-China Relationship Agreement, 216 Chinese companies expressed interest in investing in Nigeria with 74 of them in the oil and gas industry.
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On his part, NUPRC boss, Gbenga Komolafe, reaffirmed NUPRC’s commitment to fostering an investor-friendly environment, emphasizing that as a technical and commercial regulator, the commission is implementing policies and regulatory frameworks that will continue to attract substantial investments into Nigeria’s upstream petroleum industry.
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