The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, yesterday said that the recent gale of divestments in the oil and gas sector in Nigeria was already yielding the expected results in terms of increased crude production.
Lokpobiri maintained that divestments are part of the energy business, expressing his pleasure that under the current administration of President Bola Tinubu, several divestment deals that had lingered for years had been successfully concluded.
These completions, he said, have led to a measurable increase in the national production output, demonstrating clearly that divestment, when properly structured, is in Nigeria’s best interest.
