(Ecofin Agency) - Britain has expressed readiness to invest in Nigerian oil and gas sector, including pipeline infrastructure and electricity generation, according to British High Commissioner, Paul Arkwright (photo).

The diplomat disclosed this when the Group General Manager, Group Public Affairs of the Nigerian National Petroleum Corporation (NNPC), Ndu Ughamadu, paid a courtesy visit to the Chancery of British High Commission in Abuja.

Arkwright explained that Britain is very interested in these sectors and in this framework, the British Department for International Trade is ready to initiate talks with the Federal Government of Nigeria.

He, therefore, urged the executive of the NNPC to organize a roadshow to raise awareness on the possible investment opportunities available in the Nigerian Oil and Gas sector. This is as many British investors have the means and are ready to invest in the country.

It should be recalled that the French Development Agency (AFD) also recently announced plans to work with the NNPC to mobilize 1 billion euros from investors in France. An amount that will strengthen the local industry plagued by a significant drop in production and low prices which seriously weakened the economy.

Anita Fatunji