“NIGERIA BECKONS: SEIZE OPPORTUNITIES IN 2025 LICENSING ROUND”
GREATRIBUNETVNEWS–THE Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is urging global investors to capitalize on opportunities in Nigeria’s 2025 licensing round, highlighting recent reforms and a favorable regulatory framework.
Key Issues:
– _”The licensing round is designed to unlock Nigeria’s upstream potential under a more predictable and investor-friendly regulatory framework established by the Petroleum Industry Act (PIA) 2021.”_ – Oritsemeyiwa Eyesan, NUPRC Chief Executive
– 50 Oil and Gas Blocks on Offer : Across various terrains, including onshore, shallow-water, and deepwater locations.
– _”We invite capable investors to participate and help realise Nigeria’s promising upstream potential.”_ – Oritsemeyiwa Eyesan
– Improved Investment Outlook : Africa expects to attract $48 billion to $50 billion in capital investment, over 8% of the global total.
– _”Nigeria is leveraging the momentum of renewed global interest in Africa’s hydrocarbons to attract credible investors into its upstream sector.”_ – Oritsemeyiwa Eyesan
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The NUPRC boss attributed the resurgence to renewed investor interest in frontier and established basins, particularly in Nigeria, Namibia, Mozambique and other prolific African plays.
Beyond foreign investment, Eyesan stressed the importance of domestic and regional capital formation as a stabilising force for Africa’s energy future.
“As we work to draw in more external investment, encouraging capital formation within Africa remains essential. Domestic capital brings stronger commitment and stability, creating more opportunities for development,” the CCE said.
Eyesan noted that African independent operators are already playing a growing role in Nigeria’s upstream space, driving project execution and capital deployment.
A major milestone in strengthening indigenous financing, according to Eyesan, is the establishment of the Africa Energy Bank, which is headquartered in Nigeria.
“The creation of the Africa Energy Bank, proudly hosted in Nigeria, is a milestone,” she said, adding, “Unified support from stakeholders will be crucial to its success.”
The NUPRC boss also highlighted the growing impact of regional cooperation, particularly in gas development, power infrastructure and regulatory alignment.
“Beyond national efforts, regional cooperation is having a transformative effect,” she said, pointing to expanded gas and power infrastructure that is improving energy access, reliability and affordability across Africa.
She added that platforms such as the African Petroleum Regulators’ Forum (AFRIPERF) are strengthening Africa’s collective voice globally.
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