Lekoil Pledges New Investments In Akwa Ibom

|BUSINESS| The management of Lekoil Nigeria Limited has expressed the company’s commitment to the sustainable development of Akwa Ibom State through investment in oil and gas operations, employment opportunities, and community growth.

During a recent visit to the Governor of Akwa Ibom, Umo Eno, Lekoil’s top officials, led by the company’s Chief Executive Officer, Lekan Akinyanmi, said the commitment towards Akwa Ibom’s development is in recognition of Eno’s administration’s efforts to position the state for business opportunities and sustainable development.

He said, “We appreciate the warm reception from His Excellency, Governor Umo Eno, and the Akwa Ibom State Government. Lekoil Nigeria is dedicated to sustainable development through responsible oil and gas operations, creating jobs, and supporting community growth in Akwa Ibom.

“Through Cambridge Harvest, a subsidiary of Cambridge Growth Partners, we also aim to advance the state’s ARISE Agenda with sustainable agricultural practices. This partnership reflects our commitment to driving impactful change in energy and agriculture, and we look forward to the transformative opportunities it will bring.”

The Lekoil boss described the firm as an Africa-focused oil and gas exploration and production company, a portfolio company of Cambridge Growth Partners, which also has OakGold, Cambridge LNG, Cambridge Energy, Cambridge Harvest, CGP-1 Fund, and Blink Studios.

He acknowledged that the visit was to formally introduce the company to the state government and inform the governor of the company’s investment interests in the state.

Responding, Governor Eno commended Lekoil for the investment interest in the state while assuring that his government will continue to ensure an enabling environment for investors.

He stated further that officials of his administration and the people of Akwa Ibom are hopeful that the investment will create employment opportunities for the teeming youths and further develop the state.

According to the Governor, the state is also interested in Cambridge Harvest, a subsidiary of Cambridge Growth Partners, which has interests in sustainable and efficient agricultural practices and expressed hope that a partnership will drive his administration’s ARISE Agenda.
|ThePUNCH|