Nigeria attracts $5.3bn in energy investments after reforms
Nigeria has regained its spot as the leading destination for energy investments in Sub-Saharan Africa, according to Olu Verheijen, Special Adviser to the President on Energy. The country secured $5.3bn in upstream capital investment in 2025 alone, despite a regional decline in spending. Recent reforms and incentives have been credited for this turnaround, particularly in the gas sector. Verheijen highlighted the importance of local content and regulatory efficiency in sustaining this growth.
What we know
- Olu Verheijen announced that Nigeria attracted $5.3bn in upstream investment in 2025.
- The Shell–Sunlink HI Field (OML 144) project reached Final Investment Decision (FID) in 2025, enabled by Non-Associated Gas incentives introduced in 2024.
- Between 2015 and 2023, Nigeria secured only 4% ($5bn) of sanctioned African FIDs, but in the last two years (2024–2025), it captured 38% of major projects, totaling $8bn.
- Nigeria now offers the most attractive gas terms in Africa, according to Verheijen.
- The presidency expects the positive momentum in upstream investment to continue into 2026.
