Generation
Nigeria Regains Top Spot as Africa’s Leading Oil Investment Destination
Key reforms, including five presidential directives and fiscal incentives, bolstered Nigeria’s appeal, laying the groundwork for sustained investment growth in 2024 and beyond. Angola, while maintaining significant offshore investments, faced challenges due to lower returns on marginal projects and its exit from OPEC.
Elsewhere, nations like Ghana and Senegal showed growth, albeit at smaller scales. Nigeria’s regained dominance reflects a shift in Africa’s energy dynamics, underscoring its pivotal role in the region’s oil and gas landscape.
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