The Special Adviser to the President on Energy, Olu Arowolo Verheijen, has reaffirmed Nigeria’s commitment to attracting large-scale investment into its oil and gas sector following a strategic meeting with top executives from TotalEnergies.
The high-level delegation was led by Nicolas Terraz, President of Exploration and Production at TotalEnergies, alongside Matthieu Bouyer, Managing Director and Country Chair of TotalEnergies EP Nigeria.
The meeting focused on unlocking a new wave of investments across Nigeria’s oil and gas value chain, spanning both onshore and offshore assets. Discussions explored how to scale production capacity, improve operational efficiency, and address structural challenges that have historically limited growth in the sector.
Verheijen emphasized that boosting investment in the energy sector is critical to achieving Nigeria’s broader economic objectives. Increased oil and gas production, she noted, would not only strengthen national revenue but also enhance energy security and support industrial development.
A major theme of the engagement was the need to position Nigeria as a globally competitive destination for long-term capital. This includes creating a stable regulatory environment, ensuring policy clarity, and implementing reforms that reduce risks for investors while encouraging sustainable operations.
The dialogue also highlighted the importance of collaboration between government and international energy companies. Both parties expressed a shared commitment to building an enabling ecosystem that supports large-scale projects, accelerates development timelines, and delivers measurable benefits to the Nigerian economy.
Industry observers note that such engagements are particularly significant at a time when global energy companies are reassessing their investment portfolios and prioritizing regions with favorable investment climates and clear transition strategies.
The meeting signals continued efforts by the Nigerian government to re-engage major international players and revitalize the oil and gas sector, which remains a cornerstone of the country’s economy. Officials say sustained partnerships with companies like TotalEnergies will be key to unlocking long-term growth and ensuring that the sector delivers inclusive and lasting value for Nigerians.