Nigeria’s Particular Advisor to President Bola Tinubu on Vitality, Olu Verheijen, has joined the 2025 version of African Vitality Week (AEW): Put money into African Energies – happening from September 29 to October 3 in Cape City – as a speaker. With Nigeria making important strides in refining capability, oil manufacturing and electrification, Verheijen’s presence at AEW: Put money into African Energies 2025 is ready to highlight the nation’s function in shaping the continent’s vitality future and driving industrial transformation throughout Africa.
Underneath the present administration, Nigeria has achieved main milestones within the vitality sector, together with securing three of Africa’s 4 Closing Funding Choices (FIDs) valued at over $5.5 billion and commencing petroleum manufacturing at Africa’s largest refinery – the Dangote Refinery. On the again of those milestones, Verheijen is predicted to emphasise how Nigeria’s vitality reforms and rising capability aren’t solely booting nationwide growth but in addition strengthening regional vitality safety, supporting intra-African commerce and laying the groundwork for sustainable job creation and financial diversification.
AEW: Put money into African Energies is the platform of alternative for venture operators, financiers, expertise suppliers and authorities, and has emerged because the official place to signal offers in African vitality. Go towww.AECWeek.com for extra details about this thrilling occasion.
As one in every of Africa’s largest oil and fuel producers, Nigeria seeks to incentivize larger spending throughout the hydrocarbon business. This month, vitality main ExxonMobil introduced it should make investments $1.5 billion in revitalizing its Usan deepwater oilfield on offshore block OML 138 in Nigeria, with FID anticipated by Q3, 2025. The funding, spanning 2025 to 2027, aligns with Nigeria’s manufacturing goal of two.5 million barrels per day by year-end and falls beneath the Nigerian Upstream Petroleum Regulatory Fee’s Mission 1 Million Barrels initiative. In the meantime, in 2024, the nation’s vitality sector attracted $6.7 billion in investments in 2024, with $5.5 billion directed towards oil and fuel asset acquisitions – together with main offers by Seplat, Chappal Energies and Oando – and a further $1.1 billion allotted to the Presidential Metering Initiative and clear vitality packages.
The federal government additionally secured landmark investments comparable to Shell subsidiary SNEPCo’s $5 billion Conga North venture and a $550 million non-associated fuel venture by TotalEnergies and the Nigerian Nationwide Petroleum Firm. These developments, pushed by strategic reforms and tax incentives, underscore Nigeria’s ambition to unlock $30 billion in oil and $5 billion in fuel investments by 2029, positioning the nation as a key driver of Africa’s vitality transition and industrial development.
Within the downstream sector, the UAE just lately joined a gaggle of worldwide financiers backing the estimated $25-billion Nigeria-Morocco fuel pipeline venture, which goals to move pure fuel from Nigeria to Europe through 5,660-km route crossing 15 African international locations. With help from companions together with the European Funding Financial institution, Islamic Growth Financial institution and OPEC Fund, and a brand new three way partnership fashioned between Morocco and Nigeria to handle the venture, the initiative marks a serious milestone in African vitality infrastructure. Because the nation continues to draw substantial investments, it stands able to bolster manufacturing capability and exports. At AEW: Put money into African Energies 2025, insights from Verheijen will show beneficial, supporting decision-making by main oil and fuel gamers.
“Nigeria’s daring reforms, rising funding flows and rising management in regional vitality cooperation – notably with landmark initiatives just like the Nigeria-Morocco fuel pipeline – show its pivotal function in Africa’s vitality future. The nation’s latest achievements and future imaginative and prescient encourage collaboration and deal-making, thereby accelerating the continent’s path to vitality safety and industrialization,” said Tomás C. Gerbasio, Technique and Enterprise Growth Director of the African Vitality Chamber.
Distributed by APO Group on behalf of African Vitality Chamber.
