TEMPLARS Transcripts | Energy & Natural Resources April 2026

Nigeria progressed its 2025 upstream licensing round, tightened enforcement of the “drill-or-drop” rule, and resolved the OPL 245 dispute, unlocking the Zabazaba-Etan deepwater development. Fiscal incentives for the Bonga Southwest Aparo project further signal renewed momentum for large-scale offshore investment and capital deployment.

Beyond upstream, the Federal Government is advancing structural reforms across power and energy transition. Key initiatives include the expansion of the PiCNG & EV programme, proposed grid asset reforms, and continued investment in infrastructure such as the Ikom hydropower project, alongside stronger domestic refining output and rising mining inflows.

Together, these developments point to a more coordinated push to enhance energy security, improve market efficiency, and position Nigeria as a competitive destination for energy investment.