Nigeria has secured over $8 billion in investments for deepwater and gas projects within a single year, according to Olu Verheijen, Special Adviser to President Bola Tinubu on Energy. Speaking at the 2025 Africa CEO Forum in Abidjan, Côte d’Ivoire, Verheijen attributed this remarkable achievement to comprehensive government reforms that have transformed Nigeria’s investment landscape.
“Nigeria, in less than a year, unlocked over $8 billion in Deepwater and gas Final Investment Decisions—executed within a year—thanks to strong presidential leadership, improved fiscal policies, streamlined contracting, local content regulations, and gas-to-power reforms that have made the sector commercially viable. We moved from gridlock to greenlight, and that’s how we attracted investors,” she explained.
Key reforms included improved tax conditions, accelerated approval processes, clearer regulatory frameworks, and enhancements in the power sector making gas-to-power projects more attractive. One notable achievement has been increasing Nigerian ownership in the country’s gas sector from 69% to 83%, giving Africans greater control over their energy resources.
Verheijen urged African financial institutions to fill investment gaps left by international oil companies and pointed to projects like the Dangote Refinery as proof that African ambition and capital can deliver globally significant energy infrastructure.
Source: nairametrics.com
