FG unlocks $1bn investments in oil, gas industry

The Federal Government has unlocked over $1 billion in investments across the country’s oil and gas value chain since the inception of the current administration.
Olu Arowolo Verheijen, Special Adviser on Energy to the President of Nigeria, Office of Energy, disclosed this in a paper,”The Future of Energy: Shaping the Workforce of Tomorrow”,presented at the recent African Energy Week in Cape Town, South Africa, on November 5, 2024
A statement on Sunday quoted her as saying that by the middle of 2025,Nigeria expects to see Foreign Direct Investments on two more projects, including a multibillion billion-dollar deepwater exploration project, which will be the first of its kind in Nigeria in over a decade.
Apart from investments,the presidential aide,said in the last twelve months,her team has clarified the regulatory roles to create an enabling environment for investments and introduced reforms targeted at reducing high