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The Nigerian energy sector is in the midst of significant transformation, with wide-ranging activities across oil, gas, electricity, and renewable energy. Key drivers of this shift include regulatory reforms, international divestments, gas sector investments, and efforts to modernise the electricity market. International Oil Companies (IOCs) are divesting from Nigerian onshore assets, creating new opportunities for local and regional players. Simultaneously, Nigeria’s gas sector is seeing increased investment through major infrastructure projects.
22 October 24
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The country’s electricity market is undergoing reforms to address energy deficits and promote private sector involvement, while Nigeria continues to make strides toward its ambitious energy transition goals, positioning itself as a key player in the global energy market. Despite challenges like regulatory delays and financing gaps, Nigeria is creating an increasingly attractive environment for both domestic and international investors.
We have provided snapshots of these developments below for a clearer understanding of the dynamic shifts in the sector.
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Should you require more information please do not hesitate to contact Reginald Udom or Oghogho Makinde.