The Nigerian oil and gas regulator anticipates that over the next five years, investments in 22 offshore projects could reach up to $50 billion. These forecasts reflect growing investor confidence in the stability and longevity of the fiscal and legislative frameworks introduced to encourage increased production.

Since 2024, the Nigerian Upstream Petroleum Regulatory Commission has approved more than $57 billion for field development, some of which has already resulted in final investment decisions. Between 2026 and 2030, 22 major offshore projects are planned, with potential investments ranging from $30 to $50 billion.

These investments are expected not only to boost production volumes but also to create new jobs, expand infrastructure, strengthen energy security, and reinforce Nigeria’s position as one of the world’s leading destinations for investment in the extractive sector.

To stimulate exploration, the country plans to build on the recent success of the 2025 licensing round, during which 31 companies applied for 37 blocks. A new licensing round for 2026 will be launched soon. Preparations for this round demonstrate that investment certainty is becoming a consistent feature of the country’s regulatory system.

At the same time, infrastructure shortages remain a challenge, holding back the development of the extractive sector across Africa. In response, Nigeria is expanding gas gathering systems, processing facilities, pipelines, and export infrastructure. Measures are also being implemented to promote shared use of facilities, open access, and third-party connections, all aimed at reducing costs, accelerating project implementation, maximizing the use of existing infrastructure, and unlocking previously inaccessible oil and gas resources.

Strengthening cooperation between the government, security agencies, operators, host communities, private partners, and the Host Communities Development Fund has contributed to improved protection of critical energy infrastructure, especially in the Niger Delta, creating a more resilient extraction sector.