NAPE Calls for Greater Investment in Energy Sector

The Nigerian Association of Petroleum Explorationists (NAPE) has urged stakeholders to ramp up investments in the country’s energy sector to ensure sustainability and growth. Speaking at a recent industry forum, NAPE President emphasized the need for increased funding in exploration, infrastructure, and renewable energy to maintain Nigeria’s competitive edge in the global market.

He noted that dwindling investments in oil and gas exploration could impact energy security and economic stability. According to NAPE, attracting both local and foreign investors requires policies that encourage ease of doing business, tax incentives, and improved regulatory frameworks.

Beyond fossil fuels, NAPE also highlighted the importance of diversifying into renewable energy, stressing that Nigeria must prepare for a global shift towards cleaner energy sources. The association called for a balanced approach that strengthens oil and gas production while accelerating investments in solar, wind, and other sustainable energy solutions.

Industry experts agree that without strategic investments, Nigeria risks losing its position as a key player in the energy sector. They urge the government and private sector to collaborate in developing long-term solutions that will drive innovation and economic growth.