The Department of Petroleum Resources on Wednesday August 2, 2017 played host to a Singaporean delegation on trade and investment, who were visiting the country under the auspices of the Nigerian Investment Promotion Commission (NIPC). The Commission’s Deputy Director for Services, Mrs. Aisha H. Wando stated during the meeting that the Singaporeans were in Nigeria to interact, build trust and explore areas of possible business collaboration and partnership.
She stated further that their visit to the DPR was predicated on a Business Investment Forum which was earlier held collaboratively between both organizations at the Radisson Blu Anchorage Hotel in Victoria Island, Lagos on July 31, 2017, where Singapore’s Senior Minister of State for Trade and Investment, Dr. Koh Poh Koon who led a business delegation of about 20 people, was on hand to address a cross-section of the Nigerian business community on available opportunities for both countries to explore for mutually beneficial rewards.
On his part, Mr. Cody Lee, Assistant Director, Global Gas Division of the Singapore Business Federation, who spoke on behalf of the foreign visitors to the DPR, explained that as part of efforts to expand their interests in the global sphere of business, they are aggressively seeking cooperation and opportunities in various areas of the Nigerian economy. And in the oil and gas sector particularly, they are looking to leverage on our deep offshore resources, gas to power and vast gas utilization potentials.
In the event of collaboration with Nigeria, the Singaporeans promise to avail us their vast resources and competences in power generation, power plant technologies and infrastructure, hydrocarbon handling, oil refining, and would also assist in boosting exploration and also to explore viable energy resources for the future.
Earlier on, the Deputy Director of Engineering and Standards, Engr. Olumide Adeleke who welcomed the visiting delegation on behalf of the Director of Petroleum Resources, commended efforts of the NIPC in forging these kinds of international partnerships and global alliances between Nigeria and other countries, insisting that opening our economy especially from the oil and gas sector side, to foreign collaboration would indeed help leverage our potential with much needed international expertise.
He was particularly appreciative of the Singaporean interest in bolstering our infrastructure and their offer to assist in our drive for higher manpower development in specialized skills such as deep sea welding, port expansion facilities and middle-level technical development.
Mrs. Aisha Wando informed that a very high level economic summit between both countries where a bilateral agenda and framework for international collaboration would be further developed, is scheduled to hold some time in November 2017 in Nigeria.