PetroleumPrice.ng
PetroleumPrice.ng

For Adverts / Inquiries

08024545197

Oil and Gas Still Major Global Revenue Source – Lokpobiri

Precious Innocent
ByPrecious Innocent
Oil and Gas Still Major Global Revenue Source – Lokpobiri

Heineken Lokpobiri, Nigeria’s Minister of State for Petroleum Resources, has reaffirmed that oil and gas still remain the dominant revenue sources across the globe.

Speaking during the groundbreaking of the Bauchi Oil and Gas Academy in Alkaleri, Lokpobiri urged Nigerians to prioritise investment in energy education and capacity building.

“There is no country in the world today reducing its investment in oil and gas,” the minister said, highlighting that petroleum resources still fund critical infrastructure globally.

Kolmani Project Receives Presidential Backing

Additionally, the minister revealed that President Bola Ahmed Tinubu approved the renewal of all Kolmani field licences, enabling the stalled project to proceed.

Lokpobiri credited industry expert Bala Wunti for initiating the intervention that reopened Kolmani’s prospects.

“When I took office, I was told Kolmani’s licence had expired. Bala Wunti approached me, and I took it to President Tinubu who directed that all the licences be renewed which we have done,” Lokpobiri said.

Academy to Bridge Industry Skills Gap

Lokpobiri described the Bauchi Oil and Gas Academy as a “strategic institution” set to train industry-ready professionals. Also, he emphasised that manpower development is cruy to the success of oil production and refining in Bauchi, especially as the Federal Government intensifies exploration activities in the Kolmani Basin.

FG Endorses Bauchi’s Energy Vision

The minister pledged full Federal Government support for Governor Bala Mohammed Abdulkadir’s vision of establishing the academy.

He noted that the initiative aligns with national energy security goals and broader capacity development strategies.

Governor Hails Federal Support, Buhari’s Legacy

Governor Abdulkadir expressed gratitude to Lokpobiri and the Federal Government, calling the groundbreaking a major milestone in Bauchi’s energy journey.

He further linked the academy’s vision to Kolmani’s historic oil discovery, crediting former President Buhari for realising the transformative project.

“This academy will be a centre of excellence in energy education. It is designed to equip our youth with technical skills and knowledge needed to thrive in Nigeria’s evolving energy landscape,” the governor said.

Additionally, Abdulkadir praised Lokpobiri’s pledge to back the Kolmani development, calling it clear evidence of strong collaboration between the Federal Government and the state in advancing the petroleum sector

Industry Stakeholders Eye Indigenous Growth

The academy’s launch aligns with Nigeria’s push for local capacity, as oil prices fluctuate and refining efforts steadily advance

As reforms deepen, Bauchi’s academy and Kolmani’s revival could transform the region into a dynamic energy innovation hub.

Share this article:

About the Author

Precious Innocent

Precious Innocent

Innocent Precious is a writer with a keen eye on Nigeria’s oil and gas sector, economic policy, and downstream petroleum developments. He translates complex industry trends, refinery operations, fuel pricing, tanker movements, and regulatory shifts into engaging, data-driven narratives. His work blends analytical depth with clarity, producing SEO-optimised content that informs, educates, and captivates readers. Passionate about storytelling, Goli Innocent bridges the gap between technical insights and public understanding, making the energy landscape accessible to all.

View profile & more articles →