bloomshorts Nigeria’s oil and gas sector is witnessing a pivotal transformation, thanks to strategic policy changes by the Federal Government, positioning the country as a prime destination for energy financing.
At the forefront of this change is Renaissance Africa Energy Company Limited, whose Managing Director, Tony Attah, highlighted the industry’s improved positioning at the Nigerian Association of Petroleum Explorationists’ 50th anniversary. The event not only celebrated decades of exploration but also recognized Renaissance’s contributions with the Strategic Investment in Nigeria’s Energy Future award.
Key legislative frameworks like the Nigerian Oil and Gas Industry Content Development Act and the Petroleum Industry Act, alongside the transformation of NNPC into a limited liability company, are pivotal in attracting investments. According to Attah, the focus is now on ensuring that organizations within the sector meet the highest standards of governance and management to sustain this growth.
The completion of Renaissance’s acquisition of Shell Petroleum Development Company’s shares in March 2025 marks a significant milestone in Nigeria’s energy sector, promising a new era of energy security and industrialisation.
