The Federal Government says attracting significant investment into Nigeria’s oil and gas sector remains a top priority under the administration of President Bola Ahmed Tinubu, as ongoing reforms aim to revamp the energy landscape and boost national revenues.
This was disclosed on Monday, September 22, 2025, by the Special Adviser to the President on Energy, Olu Verheijen, during a courtesy visit in Abuja by the leadership of Renaissance Africa Energy Company Limited, led by its CEO, Tony Attah.
Verheijen said the Tinubu administration is committed to delivering an enabling environment for both local and international investors, especially through targeted executive actions that support oil production and energy expansion.
“This is why we continue to work on investment-enabling reforms to achieve our national targets. I congratulate Renaissance Africa Energy for its impressive work so far in ramping up oil and gas output. We are looking forward to the opening of new wells and increased drilling activity,” she said.
40% Production Surge After Shell Exit
The visit comes just months after Renaissance Africa Energy Holdings completed its acquisition of Shell’s onshore assets in Nigeria, including the shares of The Shell Petroleum Development Company of Nigeria Limited (SPDC), in March 2025.
Since the acquisition, now rebranded as Renaissance Africa Energy Company Limited, the company has retained its role as operator of the joint venture and recorded an over 40% increase in crude oil production within 150 days — a milestone the Federal Government has welcomed as proof of reform impact.
Verheijen said the administration’s focus on policy clarity, investor confidence, and operational efficiency is yielding results, especially with the implementation of recent executive orders aimed at transforming the oil and gas industry.
Renaissance Africa CEO, Tony Attah, praised the Tinubu administration for implementing bold reforms, saying the company’s progress has been possible because of a more stable and investor-friendly policy environment.
“We must commend your office for the three Executive Orders that have brought revolutionary changes to the sector. Our success since March is due to the enabling environment created by the government,” Attah stated.
He added that the company’s renewed operational focus and workforce motivation have led to a return to full contractual gas supply deliveries to Nigeria LNG Limited (NLNG), marking the first time in over five years that the joint venture has met its gas obligations.
“We are seeing immediate results from our strategy. Improved processes have boosted morale and daily production. Today, we are back on track in delivering gas supply volumes to NLNG,” Attah said.
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