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    • Steady decline

      • Nigeria’s oil and gas sector has experienced a steady decline in Foreign Direct Investments (FDIs) in the past 15 years, raising concerns about the future of the country’s energy industry. The Chairman, Board of Trustees, Aret Adams Foundation, Charles Osezua, said this at the foundation’s 21st Annual Memorial Lecture Series in Lagos.

      Nigeria’s oil sector sees 15 years consistent decline in FDI ...

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  3. www.investmentmonitor.ai › features › fdi-nigeriaThe FDI landscape in Nigeria in 2023 - Investment Monitor

    Jun 26, 2023 · By MDEC. Foreign direct investment (FDI) accounted for 20.8% of the country’s GDP in 2021. While this figure represents a twofold increase from the previous year (rising from $2.3bn in 2020 to $4.8bn in 2021), FDI project attraction in Nigeria has plateaued and declined since 2020. Total FDI projects in Nigeria (2019-2022)

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  4. assets.kpmg.com › content › damNigerian Oil and Gas Industry Update - KPMG

    4. Declining Foreign Direct Investments (FDI) in Nigeria’s Oil and Gas Industry Foreign direct investment in the Nigerian oil and gas industry has been experiencing a steady decline, particularly in 2020. The total capital inflow received in Q2 is $6.55 million (compared to $10.09 million received in Q1 2020).

  5. businessday.ng › energy › articleNigeria’s oil sector turns ghost town as FDI vanishes

    Jun 3, 2024 · Nigeria’s oil sector is a shadow of its bustling self as foreign direct investment (FDI) plummets from billions of dollars to mere trickles in millions. FDI in the sector fell to less than half a billion dollars in the first half of 2023, with the full-year figure unlikely to match a peak of $22.5 billion in 2019.

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  7. managingnigeria.com › 2024/06/05 › as-fdi-disappearsAs FDI disappears, Nigeria’s oil sector becomes a ghost town.

    Jun 5, 2024 · The Nigerian oil and gas industry was totally sidelined by foreign investors in the second quarter of 2023 for the first time on record with zero FDI, as the once lucrative sector attracted no capital inflow in the latest review quarter. In the first quarter of 2023, oil FDI stood at a mere $750,000.

  8. www.offshore-technology.com › fdi › the-state-ofThe state of play: FDI in Nigeria - Offshore Technology

    Aug 17, 2020 · FDI in Nigeria was declining even before the Covid-19 pandemic, and continues to remain weighted towards the oil and gas sector, writes Jon Whiteaker. Nigeria attracted the third-largest foreign direct investment (FDI) inflows of any African country in 2019, but, as with the continent more broadly, it suffered a sharp yearly decline in inward ...

  9. guardian.ng › nigerias-oil-sector-sees-15-yearsNigeria’s oil sector sees 15 years consistent decline in FDI ...

    May 1, 2024 · Nigeria’s oil and gas sector has experienced a steady decline in Foreign Direct Investments (FDIs) in the past 15 years, raising concerns about the future of the country’s energy industry.

  10. oxfordbusinessgroup.com › reports › nigeriaNigeria’s energy sector pivots to refining and natural gas

    Unlike oil, Nigeria’s gas potential has yet to be fully realised. The country is home to the world’s ninth-largest gas reserves, at 90.4trn standard cu feet (scf) – or 5.4trn cu metres – in 2019, when it accounted for 2.7% of the global total, according to BP figures.