Nigeria's President Tinubu to Bring Bold Energy Reforms to African Energy Week (AEW) 2025 Stage
African Energy Week (AEW) 2025: Invest in African Energies is proud to announce that Bola Ahmed Tinubu, President of the Federal Republic of Nigeria, will address delegates at Africa's premier energy event in Cape Town. 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.
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%. 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, signaling 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.
Beyond upstream developments, Nigeria is advancing its gas monetization strategy and reviving refining capacity to enhance energy security and drive industrialization. The ongoing operational ramp-up of the 650,000-bpd Dangote refinery – the largest on the continent – is set to begin nationwide distribution of petrol and diesel later this year. The refinery, along with new investments in petrochemical plants, storage facilities and pipeline infrastructure, is expected to help end Nigeria's decades-long reliance on gasoline imports, a trade valued at $17 billion. The U.S., European and global investor community is increasingly engaging with Nigeria as a strategic partner for energy supply diversification and clean energy integration, further solidifying the country's position as a leading force in Africa's energy landscape.
'Nigeria under President Tinubu is showing the world how decisive policy reforms can directly translate into investor confidence and tangible project commitments,' said NJ Ayuk, Executive Chairman of the African Energy Chamber. '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, countries can attract capital on a large scale while creating real value for their people. 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.
AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit www.AECWeek.com for more information about this exciting event.
Distributed by APO Group on behalf of African Energy Chamber.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Arabian Business
3 hours ago
- Arabian Business
UAE real estate: 6 major hotspots to invest in right now, delivering 9% returns
The UAE's real estate sector recorded transactions worth over AED 239 billion (approximately $65 billion) in the first quarter of 2024, according to official figures. Property consultancy Whitewill has identified six locations drawing investor attention during the summer period. According to the analysis, the market favours projects combining lifestyle, location, and financial returns. 1. Dubai Creek Harbour Dubai Creek Harbour continues to generate demand from buyers seeking waterfront properties with access to Downtown Dubai. The development features master-planned waterfront living with green spaces and views of the Dubai Creek Tower. Waterfront apartments in the area start at AED1.45 million, whilst luxury villas exceed AED5 million. The location delivers rental yields between 6 per cent and 6.8 per cent with consistent appreciation rates. The Albero at Green Gate development by AHAD represents a low-rise project within the high-rise zone, offering landscaped privacy and smart layouts designed for end-users. 2. Al Marjan Island Al Marjan Island in Ras Al Khaimah has experienced increased demand, particularly ahead of the upcoming Wynn Resort development. The resort will transform the area into a hospitality hub with gaming and entertainment facilities. Property prices begin at AED585,000 for apartments, with ultra-luxury homes reaching AED30 million and above. The location provides rental yields of 8 per cent to 9 per cent and above, with some areas recording over 20 per cent year-on-year appreciation. SORA by AARK exemplifies current developments with hotel-style amenities, sea views, and curated interiors. 3. Business Bay Business Bay continues attracting buyers focused on income-generating assets in central Dubai. The area combines proximity to the Dubai International Financial Centre and Downtown Dubai with access to the Dubai Canal. Studios and one to two-bedroom apartments average AED1.4 million, delivering yields between 6 per cent and 7 per cent with strong resale demand. The Waldorf Astoria Residences provides a branded address combining high-end services with practical living standards. 4. Abu Dhabi Yas Island Yas Island in Abu Dhabi draws buyers seeking leisure amenities alongside family appeal and short-stay rental opportunities. The island features theme parks, golf courses, marinas, and cultural attractions within a planned residential setting. Villas average AED 4.5 million, with apartments priced between AED1.2 million and AED3.8 million. Yields remain steady at 6.5 per cent to 7 per cent. The Waldorf Astoria Yas Island offers waterfront living backed by a hospitality brand. 5. Dubai South Dubai South attracts investors seeking affordability aligned with UAE infrastructure development. The location sits near the planned Al Maktoum Airport International Airport expansion, logistics hubs, and Expo 2020 legacy infrastructure. Off-plan units start at AED 800,000, with projected value growth of 15 per cent to 25 per cent by 2030 and rental returns between 6 per cent and 8 per cent. Al Waha in Expo City features a wellness-focused, car-free community design in the innovation hub. 6. Jumeirah Village Circle Jumeirah Village Circle (JVC) remains popular with buyers seeking strong yields without compromising lifestyle elements. The area provides rental income and resident satisfaction. Apartments begin at AED 650,000 and entry-level villas at AED 1.6 million, offering yields between 7 per cent and 8.6 per cent. Consistent rental demand makes the district suitable for first-time investors. Havelock Heights by HMB delivers boutique living with rooftop amenities and rental potential. 'While each area is unique, Al Marjan Island and Dubai South hold exceptional long-term promise. The former is becoming the UAE's entertainment capital with hospitality-led growth, while the latter is powered by airport expansion, creating a foundation for sustained capital growth and end-user migration. Both represent early-stage opportunities in rapidly maturing ecosystems—a perfect fit for investors with vision. While Dubai Creek Harbour and Yas Island remain strong lifestyle markets, the real long-term multiplier effect will come from assets in these high-conviction, underpenetrated districts where supply is still limited and strategic government investment is ongoing,' Whitewill said in a statement.
Khaleej Times
7 hours ago
- Khaleej Times
UAE: Top 6 property hotspots to invest in this summer
With the UAE temperature rising, so is the appetite for investors looking for real estate hotspots. The country's real estate market remains active all year‑round — with transactions reaching more than Dh239 billion in the first three months of 2024 alone, and investors looking for projects that combine lifestyle, location, and financial upside. Whitewill, a luxury real estate agency, shared with Khaleej Times a list of strategic locations that have long-term value, vision, and seasonal appeal — from branded beachfront escapes to smart city zones. Al Marjan Island, Ras Al Khaimah With more investors prioritising coastal living, Al Marjan Island is experiencing a surge in demand, especially with the upcoming Wynn Resort transforming the area into a hospitality hub. It has direct beachfront access and the rare opportunity to own a branded residence beside a future integrated gaming and entertainment destination. Apartments begin at Dh585,000, with ultra-luxury homes priced up to more than Dh30 million. Investors can expect between 8 and 9+ per cent rental yields and more than 20 per cent YoY (year-on-year) appreciation in some enclaves. It is good to note that Ras Al Khaimah International Airport recently announced significant expansion with a new 30,000 sqm terminal to boost tourism as the emirate eyes three million travellers. The expansion of the RAK Airport is seen by industry leaders as big boost to the emirates' tourism, especially those coming from India, China and Western Europe. Business Bay In a market where short-term rental returns drive demand, Business Bay continues to attract buyers looking for income-generating assets in the city centre. Its strongest draw is the fusion of location and luxury, with proximity to DIFC (Dubai International Financial Centre) and Downtown Dubai, with Dubai Canal weaving its way through. Studios and 1–2BR apartments average Dh1.4M, delivering 6–7 per cent yields and strong resale demand. Among standout offerings is the Waldorf Astoria Residences — a branded address that blends high-end services with everyday practicality. The project 'Gateway to Business Bay' was also recently announced, adding another striking new landmark to Dubai when the project is completed in 2029. The 48-storey Lumena Tower by Omniyat is a flagship commercial development strategically positioned on Sheikh Zayed Road, at the intersection of Business Bay and Downtown Dubai. It will have an open-air Sky Theatre, a first-of-its-kind entertainment and event space located at the top of a commercial tower. Dubai Creek Harbour Demand is consistently rising for communities that combine prestige, proximity, and waterfront serenity, and Dubai Creek Harbour checks all those boxes. The star feature here is its master-planned waterfront living, enhanced by green spaces and direct views of the Dubai Creek Tower. Waterfront apartments start at Dh1.45 million, while luxury villas exceed Dh5 million. With rental yields of 6–6.8 per cent and consistent appreciation, the area balances luxury with long-term potential. Dubai Creek Harbour is a favourite among buyers seeking a premium lifestyle with investment upside, noted Whitewill. Yas Island, Abu Dhabi In the Capital, investors are eyeing Yas Island for its unique blend of leisure, family appeal, and short-stay rental potential. The island's standout quality lies in its lifestyle proposition, from theme parks and golf to marinas and cultural hotspots, all within a well-planned residential setting. Villas average Dh4.5 million, with apartments priced between Dh1.2 million and Dh3.8 million. There is also Waldorf Astoria Yas Island that offers waterfront premium hospitality brand, making it an attractive asset for both use and investment. A big announcement early this year was made by Yas Waterworld Abu Dhabi with the introduction of new attractions this summer, including 12 new rides and slides, in addition to new dining offerings. Dubai South Investors are increasingly drawn to Dubai South for its affordability and alignment with the UAE's infrastructure vision. As a future-ready hub near the upcoming Al Maktoum International Airport expansion, logistics hubs, and the Expo 2020 legacy infrastructure, its core appeal lies in early-mover advantage and the opportunity to ride the wave of long-term growth. Whitewill noted there is a strong uptake in off-plan units starting at Dh800,000, with a projected 15–25 per cent value growth by 2030 and rental returns of 6–8 per cent. Industry experts earlier said, property prices in Dubai South are forecast to increase by a further 15-20 per cent in the near term, as the Dh128 billion ($35 billion) expansion of Al Maktoum International Airport in Dubai South is fuelling a major real estate boom in the area, data shows. According to data from Betterhomes, property transactions in the area have already exceeded Dh15 billion in the first five months of 2025. The neighbouring Expo City, meanwhile, exemplifies the area's appeal with a wellness-first, car-free community design in the city's innovation hub, tailored for a new generation of buyers. Jumeirah Village Circle (JVC) Known among residents as affordable, accessible, and increasingly design-driven, JVC remains a go-to for buyers seeking strong yields without compromising on lifestyle. The area's main pull is its ability to deliver rental income and resident satisfaction. Road access has also recently significantly improved. Apartments start at Dh650,000 and entry-level villas at Dh1.6 million, offering 7–8.6 per cent yields. The district's consistent rental demand makes it ideal for first-time investors.
Zawya
14 hours ago
- Zawya
Central African Republic: Breakthrough as ex-combatants of rebel group are convicted for war crimes and crimes against humanity but trial tarnished by absence of four defendants
Reacting to the news that the Special Criminal Court has convicted six former combatants of the Popular Front for the Rebirth of the Central African Republic (Front populaire pour la renaissance de la Centrafrique) for crimes against humanity and war crimes, Alice Banens, Legal Adviser at Amnesty International, said: 'The decision handed down by the Special Criminal Court (SCC) in the Ndélé 2 case represents a breakthrough in the fight against impunity for serious crimes committed in the Central African Republic. Light has been shed on the atrocities committed in Ndélé in March 2020. 'However, four of the six people found guilty and given heavy sentences were convicted in absentia. Amnesty International considers that the defendant's right to be present at their trial, to prepare their defence with their lawyer, and to address the Court directly are pillars of the right of defence, without which there can be no fair trial. 'Several suspects who are accused of serious crimes and subject to arrest warrants from the SCC are still at large. This situation continues to deprive victims of their right to truth, justice and effective reparation. The execution of arrest warrants is essential if the fight against impunity is not to be selective.' Background In the Ndélé 2 case, six defendants were found guilty of crimes against humanity, including murder, attempted murder, inhuman acts and persecution, and war crimes, and sentenced to between 18 and 25 years' imprisonment. In March 2020, the town of Ndélé, in the north-east of the country, was attacked by members of the Popular Front for the Rebirth of the Central African Republic, an armed group from the former Séléka coalition. The violence left dozens dead and displaced hundreds of people. The Special Criminal Court is a hybrid court set up in the Central African Republic in 2018. It is composed of Central African and non-Central African judges and personnel. It was created to investigate, prosecute and judge the most serious crimes committed since 2003. The Ndélé 2 case is the third to be heard by the SCC since the effective start of its judicial work, following the Paoua and Ndélé 1 cases. In 2020 and 2021, Amnesty International published two reports analyzing the challenges facing the SCC. The organization called for increased support for the Court and greater transparency. Distributed by APO Group on behalf of Amnesty International.
