{
  "id": 9454443,
  "title": "Lokpobiri urges oil firms to fast-track investment decisions",
  "url": "https://urgent.news/2026/09/24/lokpobiri-urges-oil-firms-to-fast-track-investment-decisions-9454443",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-24T01:10:41.000Z",
  "source": {
    "name": "Punch",
    "slug": "punch",
    "url": "https://punchng.com/lokpobiri-urges-oil-firms-to-fast-track-investment-decisions/"
  },
  "original_language": "en",
  "account": "Minister of State for Petroleum Resources, Heineken Lokpobiri, called on oil and gas firms to accelerate their investment decision processes in Nigeria. The plea came during the signing ceremony for the Ima Gas Project, a discovery made in 1973 that has taken over five decades to reach the Final Investment Decision (FID). The $800 million project, co-developed by Nigerian independent AMNI International and TotalEnergies, is expected to begin production in 2028. Lokpobiri emphasized that delays in reaching FID hinder the industry and urged the sector to adopt shorter timelines, ideally within six months. He also acknowledged the role of President Bola Tinubu's administration in providing fiscal and regulatory clarity, which has attracted significant investments to the sector. TotalEnergies, as a co-developer of Ima, stated that the field would supply about one-third of the gas required for the ongoing Nigeria LNG Train 7 expansion.",
  "summary": "The Minister of State for Petroleum Resources, Heineken Lokpobiri, has urged oil firms to shorten the time taken to reach Final Investment Decisions on pro Read More: https://punchng.com/lokpobiri-urges-oil-firms-to-fast-track-investment-decisions/",
  "key_points": [
    "Minister Lokpobiri urges oil firms to speed up investment decisions in Nigeria.",
    "Faster timelines, ideally within six months, recommended by Lokpobiri to boost industry."
  ],
  "editors_take": "Lokpobiri's push for faster investment decisions signals a shift towards a more efficient and attractive operating environment in Nigeria's oil and gas sector under President Tinubu's administration.",
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Punch Nigeria",
        "title": "Lokpobiri urges oil firms to fast-track investment decisions",
        "url": "https://urgent.news/2026/09/24/lokpobiri-urges-oil-firms-to-fast-track-investment-decisions",
        "published": "2026-09-24T01:04:41.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}