Nigeria's Oil Sector Attracts $24 Billion Investment

At the 2026 Oloibiri Lecture Energy Forum held in Port Harcourt, Udobong Ntia Ojulari, Executive Vice President of upstream operations, announced that Nigeria's oil and gas sector has secured a capital inflow of $24 billion. He highlighted that achieving the target of three million barrels per day will depend on capital data and effective regulatory frameworks.

Oritsemeyiwa Eyesan, Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, stressed that product growth will necessitate drilling and an agile regulatory framework to attract investment and enable digital oilfield advancements. Engr. Saidu Moham, Chief Executive of the NMDPRA, noted that reaching Nigeria's targets of three million barrels per day and 22 billion cubic feet of gas will require strong financial backing and advanced technology.

Mr. Franci Nwaochei, Chairman of the Society of Petroleum Engineers Nigeria Council, described the event as a defining moment for the industry's trajectory towards a resilient and intelligent future.