FEDERAL GOVERNMENT CALLS FOR MORE OIL AND GAS INVESTMENT. 

The President BOLA TINUBU’s administration has emphasized that its aim to draw more funds and investments into Nigeria’s oil and gas sector is a key factor behind its decision to prioritize ongoing energy sector reforms.

The Special Adviser to the President on Energy, OLU VERHEIJEN, disclosed this when she received the Managing Director and Chief Executive Officer of The Renaissance Africa Energy Company Limited, TONY ATTAH, in Abuja. 

The Special Adviser commended Renaissance Africa’s over-40-percent oil production increase within 150 days of its completion of the transaction in March 2025, when Renaissance Africa Energy Holdings Company Limited successfully acquired the shares of Shell Petroleum Company Limited in The Shell Petroleum Development Company Limited (SPDC).

The call for more investments in the oil and gassector followed Federal Government’s bid toramp up crude oil production and increase its oilrevenue.