NewStats: 3,262,147 , 8,176,203 topics. Date: Saturday, 31 May 2025 at 11:13 PM 5r1f43

The Presidency has said Nigeria attracts over 8 billion Dollar (about N12.8 trillion) investments in deepwater projects and gas Final Investment Decisions (FIDs) in one year.

Olu Verheijen, Special Adviser on Energy to President Bola Tinubu disclosed this on Wednesday, at the 2025 Africa CEO Forum holding in Abidjan, Côte d’Ivoire.

A statement on the address of Verheijen at the event was made available to the News Agency of Nigeria (NAN) in Abuja by Mr Senan Murray, the Team Lead, Communications, in the Office of the Special Adviser.

According to Murray, the Special Adviser told policymakers, investors, and industry leaders across the continent, that the feat was achieved through decisive actions taken by President Tinubu.

She said the actions focused on improved fiscal , streamlined contracting timelines, greater clarity to local content rules, and power sector reforms enabling gas-to-power commercial viability.

Verheijen, therefore, charged industry leaders across the continent, to take cue from Nigeria, by ensuring that Africa move beyond appeals for , but become an investment destination by design; anchored in policy clarity, commercial logic, and strategic intent.

“Africa must partner smartly, not from dependency, but from aligned strategic interest.
“Nigeria has been able to prove that this approach works. We moved from gridlock to greenlight, and investors responded.

“ Nigeria’s attainment of an increase in indigenous equity in gas, from 69 per cent to 83 per cent, is not just a statistic but a seismic shift in ownership and control of Africa’s energy future,’’ she said.

Verheijen urged African investors, DFIs, banks, pension funds, and sovereigns, to be strategic in focus, and strive to fill the vacuum left by International Oil Companies (IOCs), not just with funding, but with fit-for-purpose instruments and risk-sharing structures.

“Our sweet spot is onshore, shelf, and domestic gas. That’s where African players must dominate, because we understand the terrain, the risk, and the reward,’’ she said.

Verheijen celebrated the feats of African private sector champions, like Seplat, Oando and Renaissance, who, according to her, are no longer just “local players.”

The Special Adviser specifically hailed Renaissance Africa Energy Consortium’s acquisition of Shell’s onshore JV, which she said is “a symbolic transition from colonial-era concessions to indigenous control.’’

She said the 650,000 barrels per day Dangote Refinery, the largest single-train refinery in the world, was built by African capital, African hands, and African ambition.

According to her, the project is not just infrastructure, but proof that African industrial scale is not aspirational, but operational.
Concluding, Verheijen urged the players across the continent to get their policies, commercial logic and strategic intent right to attract capital and investments.

“When we get that right, capital won’t hesitate, it will pursue us. The future will not be given to Africa. It must be built deliberately, unapologetically, and on our ,’’ she said

https://tribuneonlineng.com/nigeria-unlocks-8bn-investments-in-deepwater-gas-projects-in-a-year-presidency/

God bless Nigeria.

you people should stop all these if you think all these will translate to wealth then you are living in limbo which is a pity
The almighty God had already bless us a lot that we are still in confusion of what to do with it.
out of 56 Oil company operating in Nigeria only Shell paid us $5.6 billion last year 2024 what happen to the money
https://nairaland.unblockandhide.com/8426736/shell-confirms-it-paid-nigeria

zero8zero:
God bless Nigeria.

Team agbotikuyo will come n condemn this now but let it b bad news then trust they don't need source or sauce

They start running around with it.


Agbotikuyo for a reason

Propaganda and lies

Abeg, where the money and the investment dey?

Always on paper...!

How can leaders do so much, yet over 200 Million citizens can't bear witness or testify to these "achievements".

🫤

Propaganda as usual.

This I have seen.

APC = another 1

LP+PDP+SDP +etc = another 0

Good news
Good news

God Bless President Bola Tinubu
God Bless Federal Republic of Nigeria

saddler:
Propaganda and lies

the agbotikuyo family

Every good news is propaganda but post a bad news n they will b d happiest

How much did we use to repair the refineries that refused to work

Audio
So why have we not been able to meet OPEC quota

Why is gas that was less than N300 per kg in 2015 when zombies told us Jonathan was clueless now hovering over N1000 per kg so much that more Nigerians are taking to charcoal and firewood to cook?

Even the price of CNG has gone up

Even World Bank confirmed that remittance to Federation from crude proceeds have gone down abysmally. What is covering the shortfall is the devaluation of the naira which balloons every little dollar that comes into the system

This kind lies is for zombies to masturbate on

Redoil:
you people should stop all these
The almighty God had already bless us a lot that we are still in confusion of what to do with it.
Shell paid us $5.6 billion last year 2024 what happen to the money

Shell didn't pay us, they sold their assets to local investors who in turn are in charge of the assets. Are you talking about tax?. If you're talking about taxes paid, the taxes go into the federation where it's shared among the three tiers of Government. Go back home and hold your Governor to how he spends your state's allocations.

OK

Sharpsharp00123:
the agbotikuyo family

Every good news is propaganda but post a bad news n they will b d happiest

See them below

Agbegbaorogboye:
Audio
So why have we not been able to meet OPEC quota

Another media APC package propaganda.
When you hear presidency no say na them.

https://nairaland.unblockandhide.com/8426736/shell-confirms-it-paid-nigeria
i know you very well

zero8zero:

Shell didn't pay us, they sold their assets to local investors who in turn are in charge of the assets. Are you talking about tax?. If you're talking about taxes paid, the taxes go into the federation where it's shared among the three tiers of Government. Go back home and hold your Governor to how he spends your state's allocations.

zero8zero:


See them below

https://nairaland.unblockandhide.com/8426736/shell-confirms-it-paid-nigeria
i know you very well you see your life

https://nairaland.unblockandhide.com/8426736/shell-confirms-it-paid-nigeria
i know you very well

Taxes, right?. He has addressed it but seems you need glasses to read and understand.

zero8zero:

Shell didn't pay us, they sold their assets to local investors who in turn are in charge of the assets. Are you talking about tax?. If you're talking about taxes paid, the taxes go into the federation where it's shared among the three tiers of Government. Go back home and hold your Governor to how he spends your state's allocations.

noise makers but nothing to show.

Audio Government
Audio Ministers
Audio Investments

PressMyButton:


Taxes, right?. He has addressed it but seems you need glasses to read and understand.

They're like a stone, nothing goes into their heads. Most times it's a waste arguing with them.

Chai, see working.


I bet some people are sad about these good news already.

Sharpsharp00123:
the agbotikuyo family

Every good news is propaganda but post a bad news n they will b d happiest

who did the $8b investment come from?

Voncindy:
please guys please don't just scroll . please I beg you in the name of almighty GOD pls someone should please help me, my little sister and I we are starving. Please help us the last time we ate a good food was from our neighbor on Thursday. Since then we have surviving on drinking garri and now the little garri that we use to have hope has finished. the little money I have I used it to pay for house rent so that we can at least have roof over our head this new year. am pleading for help please, not for my sake but for kid sis please am a primary school teacher and a house painter, our mom is late and my dad has retired. No matter how little it will go a long way to help us. May GOD in heaven come to your aid as you have come to ours. amen

O.P.A.Y

704232

8059

get a job

lexy2014:


who did the $8b investment come from?

ask agbotikuyo

lexy2014:


who did the $8b investment come from?

Shell invested in deep sea, Seplat and Oando invested in Offshore. You no dey read news?

I bet you were among those people who were jubilating when Shell said they were selling their Offshore investments, well for your information Seplat bought it and invested more and is willing to invest more and instead of Shell to leave Nigeria they invested billions in Deep sea projects.

You gerrit ? 😉

Sharpsharp00123:
ask agbotikuyo

was it agbotikuyo that Olu Verheijen, Special Adviser on Energy to President Bola Tinubu asked before she came up with the claim that "Nigeria Attracts $8bn Investment In Deepwater, Gas Projects In A Year"?

who did the $8b investment come from?