The Special Adviser on Energy to President Bola Tinubu, Olu Verheijen, has stated that Nigeria is poised to secure an increased number of Final Investment Decisions this year, a move that reinforces investor confidence and drives sustained economic growth in the energy sector.
Verheijen, speaking at the Nigeria International Energy Summit 2025 on Monday, highlighted that Nigeria secured three out of Africa’s four FIDs last year, valued at over $5.5bn.
She noted that this data demonstrated Nigeria’s position as a leading destination for deep offshore oil and gas investments.
She added that the country’s improved investment climate was driven by key reforms, including three presidential directives issued in February 2024 to remove barriers to new investments.
These measures, helped attract major investment commitments such as the Ubeta FID secured through a Total JV and Shell’s approval of the Bonga North FID.
“The year 2024 marked a turning point in our energy landscape, with Nigeria securing three out of Africa’s four Final Investment Decisions, valued at over $5.5bn.”
