The Federal Government has announced plans to seal the Final Investment Decisions (FID) on two more projects, including a multibillion billion-dollar deepwater exploration project.
This will be the first of its kind in Nigeria in over a decade and the government said it is one of many to come.
Special Adviser on Energy to the President, Olu Verheijen, stated this in her opening address titled “The Future of Energy: Shaping the Workforce of Tomorrow” at the African Energy Week (AEW), which ended in Cape Town, South Africa, recently.
The presidential aide noted that the regulatory framework of the President in the sector is already yielding positive results.
“We see a Nigeria that is a leading global producer and exporter of energy – whether its fossil fuels or renewables. The outdated approaches and assumptions of the past do not hold us back.
“We are open, daring, and eager to leave a legacy that will stand the test of time,” Verheijen added that Nigeria has attracted over $1billion in investment in the oil and gas sector across different value chains. Nigeria’s Petroleum Industry Act(PIA) took twenty years to be passed into law and given Presidential assent, in 2021.
