Since 2023, the administration has fundamentally restructured Nigeria’s oil and gas landscape, enacting three landmark Executive Orders to eliminate investment bottlenecks and streamline contracting cycles from years to just six months. Key milestones include the recovery of crude oil production to a peak of over 1.7 million barrels per day and the securing of over $30 billion in new investment commitments, including Final Investment Decisions (FIDs) on the $5 billion Bonga North and $2 billion HI Field projects. By aggressively implementing the Petroleum Industry Act (PIA) and intensifying pipeline surveillance, the administration has successfully restored global investor confidence, resulting in a 400% surge in active rig counts and a record trade surplus driven by revitalized upstream activity.

Entering 2026, the administration has intensified its momentum by launching a $20 billion deep-water investment drive in partnership with global majors like Shell to unlock the Bonga South West project. This year’s focus has seen the domestic gas supply cross the historic 2 billion cubic feet per day (bcfd) threshold, supported by the settlement of over ₦185 billion in decade-old debts to gas producers to ensure stable energy for the national grid. By pioneering the “Decade of Gas” infrastructure and expanding the Presidential CNG Initiative to slash transportation costs by 60%, the government is successfully transitioning Nigeria into a gas-powered economy that prioritizes affordable domestic energy and industrial self-sufficiency.

Beyond upstream extraction, the President has successfully revitalized Nigeria’s refining capacity, overseeing the historic commencement of operations at the Dangote Refinery and the rehabilitation of state-owned refineries to end the era of fuel importation. This strategic shift towards domestic refining has not only stabilized the supply of petroleum products but has also repositioned Nigeria as a net exporter of refined energy, saving the nation over ₦2 trillion monthly in foreign exchange. Through these integrated reforms, the administration is building a sustainable energy future where Nigeria’s natural wealth directly powers local industry and provides long-term economic security for every citizen.