{"id":7441,"date":"2018-02-22T17:05:53","date_gmt":"2018-02-23T00:05:53","guid":{"rendered":"http:\/\/nigerianews.ca\/?post_type=news&#038;p=7441"},"modified":"2018-02-22T17:05:53","modified_gmt":"2018-02-23T00:05:53","slug":"ibe-kachikwu-says-nigerias-oil-sector-needs-100-billion-investments","status":"publish","type":"news","link":"https:\/\/nigerianews.ca\/news\/ibe-kachikwu-says-nigerias-oil-sector-needs-100-billion-investments\/","title":{"rendered":"Ibe Kachikwu Says Nigeria\u2019s Oil Sector Needs $100 Billion Investments"},"content":{"rendered":"<p>The Minister of State for Petroleum Resources Dr. Ibe Kachikwu said the oil sector needed huge investments to the tune of 100 billion dollars. Kachikwu said this while reeling off the urgent needs of the sector at the closing ceremony of the just-concluded maiden Nigeria International Petroleum Summit (NIPS) in Abuja.<\/p>\n<p>\u201cWe need to look at investments. What we have done over the last two years has helped.\u201cSuddenly we are looking at investment portfolios over the next two to three years of close to 40 billion dollars but 40 billion dollars is not enough to drive this industry.<\/p>\n<p>\u201cOur estimate is that you need about 100 billion dollars worth of investment to drive this sector. Those investments will go into gas projects, they will go into pipelines that have been replaced<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Minister of State for Petroleum Resources Dr. Ibe Kachikwu said the oil sector needed huge investments to the tune of 100 billion dollars. Kachikwu said this while reeling off the urgent needs of the sector at the closing ceremony of the just-concluded maiden Nigeria International Petroleum Summit (NIPS) in Abuja. \u201cWe need to look [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7442,"comment_status":"open","ping_status":"closed","template":"","tags":[],"news-category":[317],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ibe Kachikwu Says Nigeria\u2019s Oil Sector Needs $100 Billion Investments | Nigeria News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nigerianews.ca\/news\/ibe-kachikwu-says-nigerias-oil-sector-needs-100-billion-investments\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ibe Kachikwu Says Nigeria\u2019s Oil Sector Needs $100 Billion Investments | Nigeria News\" \/>\n<meta property=\"og:description\" content=\"The Minister of State for Petroleum Resources Dr. Ibe Kachikwu said the oil sector needed huge investments to the tune of 100 billion dollars. 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