The African Energy Chamber(AEC), said ongoing policy reforms in Nigeria’s oil and gas sector is a case study for other African producers.
The chamber said Nigeria under president Tinubu is showing the world how decisive policy reforms can directly translate into investor confidence and tangible project commitments.
The executive chairman of the Chamber, NJ Ayuk said, ‘What’s happening in Nigeria today is a case study for other African producers: it demonstrates that by cutting red tape, streamlining processes and providing fiscal certainty.’
Ayuk’s commenting is coming on the report that President Bola Tinubu, would be addressing delegates at Africa’s premier energy event in Cape Town, according to Egypt Oil And Gas report.
President Tinubu’s participation comes as Nigeria undergoes one of the most ambitious reform drives in its oil, gas and broader energy sectors – a drive that is reshaping the country’s investment climate and unlocking multi-billion-dollar opportunities across the value chain.
Ayuk said countries can attract capital on a large scale while creating real value for their people, adding that, ‘we are honored to welcome President Tinubu to AEW 2025 to share this important success story.’
President Tinubu’s address at AEW 2025: “Invest in African Energies,” will provide a unique opportunity for African and global stakeholders to gain insights into Nigeria’s evolving oil and gas sector, the government’s strategy for long-term energy security and the country’s vision for sustainable industrial development.
His leadership is setting a benchmark for how resource-rich nations can balance competitiveness, local value creation and inclusive growth, says Ayuk.
Since assuming office, President Tinubu has spearheaded a wide-ranging program to reposition Nigeria as a top-tier destination for energy investment. In May 2025, he signed an Executive Order on Oil & Gas Reforms, aimed at overhauling project delivery frameworks and significantly reducing costs across the industry.
The Order introduces streamlined contracting processes, tax incentives and the removal of regulatory and local content compliance bottlenecks, with a target of cutting upstream project costs by up to 40 per cent. Such reforms are designed to make Nigeria’s operating environment globally competitive and unlock billions of dollars in new investments.
In the past year, Nigeria has secured over $8 billion in deepwater oil and gas final investment decisions, signalling a renewed appetite among international investors. ExxonMobil, for example, has committed $1.5 billion to new deepwater field developments. Shell is also strengthening its position in deepwater and integrated gas
– recently increasing its stake in OML 118, which includes the prolific deepwater Bonga field – while Chevron is expanding operations at the Agbami field, one of Nigeria’s largest deepwater discoveries.
Meanwhile, Petrobras has declared its interest in returning to deepwater exploration in Nigeria, seeking frontier acreage as a result of improved regulatory clarity and investor-friendly reforms.
The country has also unveiled major new initiatives to promote local content and industrial growth, with multi-billion-dollar investments directed at building domestic capacity in fabrication, engineering and services. This includes the “Naira for Crude” initiative, which aims to promote local refining, enhance energy security and reduce reliance on foreign currency in the domestic oil market.
