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This Outlook by TEMPLARS’ Energy & Natural Resources Practice examines the regulatory, commercial and investment signals shaping West Africa’s energy markets in 2026, marking a shift from reform to execution. It highlights where capital, sponsors and operators are most likely to find sustainable value.

In Nigeria and Ghana, regulatory clarity, capital mobilisation and infrastructure build-out are translating into bankable opportunities across upstream oil and gas, gas commercialisation, power and energy transition assets. The focus has moved decisively toward disciplined project execution, competitive procurement and risk-adjusted returns.

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