“Foreign companies, especially oil prospects and development companies, have been in Nigeria for about two generations – 40 years and above and so on. They continue to invest because they know the potential Nigeria has in oil and gas and the capacity of the people to learn and work hard.” H.E. Improved macroeconomics, which are supported by recovering oil prices and production, has ensured that Nigeria maintains the title of the largest economy in Africa. Nigeria has seen strong and steady growth in the oil and gas sector over the past sixty years when petroleum was officially discovered. Nigeria currently has several on-going and upcoming gas projects in the works for the rapid development of the country’s energy sector.

Source: The North Africa Journal March 23, 2020 11:37 UTC