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flag Nigeria’s oil and gas sector drew $18.2B in 2025 investments, unlocking 1.4B barrels of oil and 5.4T cubic feet of gas.

flag Nigeria's upstream oil and gas sector attracted $18.2 billion in investment commitments in 2025, unlocking 1.4 billion barrels of oil and 5.4 trillion cubic feet of gas, according to the Nigerian Upstream Petroleum Regulatory Commission. flag These investments are expected to boost daily production by 591,000 barrels of oil and 2.1 billion cubic feet of gas. flag The growth follows reforms under the Petroleum Industry Act and a competitive regulatory agenda, contributing to a rise in rig counts from eight in 2021 to 43 by September 2025.

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