The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, says Nigeria achieved a major investment breakthrough in 2025 with the signing of 28 new field development plans, valued at 18.2 billion dollars, which carry an estimated production potential of 1.4 billion barrels of oil.

Lokpobiri disclosed this in Abuja while delivering his ministerial address at the opening ceremony of the 9th Nigeria International Energy Summit 2026, saying Nigeria had emerged as Africa’s leading destination for oil and gas investments, with four of the seven major Final Investment Decisions announced across the continent between 2024 and 2025 taken in the country.

The Nigeria International Energy Summit is the Federal Government’s official annual platform for energy policy dialogue, investment promotion, and innovation.

According to the minister, the development was not accidental but the outcome of deliberate reforms, improved policy clarity, and stronger governance, which have helped to restore investor confidence in Nigeria’s oil and gas sector.

He added that the renewed inflow of capital signalled Nigeria’s return to the global energy investment map after years of stalled projects and declining output, stressing that recent fiscal, regulatory and operational reforms were beginning to yield measurable results.

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