Abuja — The Federal Government has restated its commitment to attracting greater investments into Nigeria’s oil and gas sector as part of efforts to boost industrialisation and drive economic growth.
This was disclosed in a statement issued on Tuesday in Abuja by Mr. Michael Adande, spokesperson of Renaissance Africa Energy Company Limited.
According to the statement, the Special Adviser to the President on Energy, Mrs. Olu Verheijen, gave the assurance during a meeting with Mr. Tony Attah, Managing Director of Renaissance Energy.
Verheijen said President Bola Tinubu’s administration is implementing reforms designed to create an enabling environment for investors while aligning with Nigeria’s national development targets.
She commended Renaissance Energy for increasing oil output since acquiring Shell’s onshore assets earlier this year.
> “Renaissance has so far recorded over 40 per cent increase in oil production within 150 days of finalising the acquisition,” she said, adding that government expects further drilling and new wells to sustain growth.
The presidential aide stressed that the administration remains committed to reforms that promote transparency, efficiency, and investor confidence in the energy sector.
In his remarks, Attah praised Verheijen for her role in implementing three Executive Orders that have transformed the oil and gas landscape. He attributed the company’s success to the supportive policy environment fostered by the Tinubu administration.
“Renaissance Africa aims to become Africa’s leading energy company, promoting energy security and sustainable industrialisation,” Attah said.
He noted that the company’s internal reforms had boosted staff morale, resulting in increased daily crude output.
Attah further disclosed that Renaissance and its joint venture partners are now fully meeting contractual gas supply obligations to Nigeria LNG Limited (NLNG) — the first time in more than five years such commitments have been fulfilled.
According to him, the company’s strategy is already yielding results and positioning Renaissance for long-term growth and regional impact, while supporting Nigeria’s energy transition and national development goals.
