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Energy Reforms: In 2024, under the visionary leadership of President Tinubu, Nigeria reclaimed its position as Africa’s leading destination for upstream oil and gas investment. Remarkably, the country accounted for three out of the four Final Investment Decisions (FIDs) recorded across the continent, with a combined value exceeding USD 5 billion.
This outstanding achievement is directly tied to the approval of five landmark presidential directives and fiscal incentives introduced during the year. These transformative measures are not only reshaping Nigeria’s energy landscape but also setting the stage for unprecedented levels of investment in 2025 and beyond, reaffirming Nigeria’s role as a powerhouse in Africa’s energy sector
Photo credit
@WoodMackenzie
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