By Nigeria has emerged as a top investment destination in Africa’s oil and gas sector, securing three out of the continent’s four Final Investment Decisions (FIDs) in 2024, valued at over $5.5 billion.
Special Adviser to the President on Energy, Olu Verheijen, revealed this at the Nigeria International Energy Summit (NIES) 2025, emphasizing the country’s growing appeal for deep offshore investments.
She noted that Nigeria’s federal government is targeting an increase in crude oil production to four million barrels per day by 2030.
Verheijen attributed the surge in investments to recent reforms, including three presidential directives issued in February 2024 to eliminate obstacles for investors.
These reforms have enhanced Nigeria’s business climate, making it more attractive for global oil and gas stakeholders.
With these developments, Nigeria is positioning itself as a key player in Africa’s energy sector, driving economic growth and industry expansion.
