The African Energy Chamber (AEC) has announced its participation as a Gold Sponsor at the 2025 Nigeria International Energy Summit (NIES). The summit, scheduled from February 24–27 in Abuja, serves as a key platform for fostering investment and collaboration within Nigeria’s energy sector.
NIES 2025: Bridging global investors with Nigeria’s energy potential
The theme of NIES 2025, Bridging Continents: Connecting Investors Worldwide with Africa’s Energy Potential, aims to link global investors with Nigeria’s extensive oil, gas, and renewable energy resources. The AEC’s participation aligns with its commitment to increasing energy access and addressing the continent’s energy challenges. Nigeria has significant energy potential, with 37.5 billion barrels of crude oil and 200 trillion cubic feet of natural gas. The country also has substantial renewable energy opportunities that can support energy access for its 85 million citizens without electricity.
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Nigeria’s growing energy investments
Recent pro-investment reforms have positioned Nigeria as a top destination for upstream oil and gas investment. Major global energy firms have made significant commitments to the sector:
- Shell has pledged $122 million to the Iseni Gas Project and reached a Final Investment Decision (FID) for Bonga North Tranche 1.
- TotalEnergies announced a $550 million FID for the Ubeta Gas Project.
- China’s CNEC and UAE-based Alpha Group partnered on the $20 billion Ogidigben Gas Revolution Industrial Park.
- CNEC also collaborated with Nigeria’s BFI Group on a $1.2 billion gas processing project in Akwa Ibom State.
- Nigerian firm Dorman Long Engineering secured a $10 million trade facility loan from the African Export-Import Bank.
These investments reflect growing investor confidence and support Nigeria’s goal of expanding its energy industry.
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Future prospects for Nigeria’s energy sector
Nigeria’s oil and gas sector is set to experience further investment growth. TotalEnergies is expected to reach an FID on a $750 million offshore gas project in 2025. The government is also targeting $30 billion in deep offshore investments by 2029. These initiatives are designed to strengthen Nigeria’s role in the global energy market.
In the renewable energy sector, the country is making progress in expanding electricity access. In January 2025, the International Finance Corporation partnered with five renewable energy firms under the Nigeria Distributed Access Through Renewable Energy Scale-Up initiative and the Mission 300 program. This initiative is expected to provide electricity to 400,000 Nigerians and contribute to the country’s energy diversification efforts.
AEC’s commitment to energy investment
NIES 2025 offers an opportunity for global investors to engage with Nigeria’s regulatory authorities and industry leaders. The AEC supports strategic partnerships that can drive investment and energy development across Africa.
“Nigeria’s vast energy resources offer one of the world’s most lucrative yet untapped opportunities to drive local, regional and global energy market stability. With investor-friendly policies and reforms, the country presents a compelling case for global players. NIES aligns with the AEC’s mission to attract investment into Africa’s energy sector and eradicate energy poverty through strategic cooperation,” stated NJ Ayuk, Executive Chairman of the AEC.
