Tinubu Energy Reforms and PIA Implementation – President Bola Ahmed Tinubu has highlighted major policy gains recorded under his administration in deepening the implementation of the Petroleum Industry Act (PIA) and strengthening Nigeria’s energy sector. Tinubu energy reforms and PIA implementation have reportedly boosted investor confidence, revived oil exploration, and improved regulatory transparency across the industry.

Tinubu Energy Reforms Drive Oil Sector Recovery

The president made this known during the opening of the 9th Nigeria International Energy Summit held in Abuja. He stated that his administration introduced policies aimed at strengthening regulatory institutions and clarifying operational roles within the oil and gas sector.

According to him, the reforms have significantly increased drilling activities, with oil rig counts rising from eight rigs in 2021 to about 69 rigs by late 2025. The development signals renewed exploration momentum and growing industry confidence in Nigeria’s petroleum sector.

Tinubu, who was represented by Vice President Kashim Shettima at the summit, also revealed that Nigeria attracted Final Investment Decisions worth over eight billion dollars. The investments largely target offshore gas projects and foreign direct investment inflows into the oil and gas sector.

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PIA Implementation Improves Investor Confidence

The president stressed that Tinubu energy reforms and PIA implementation have improved operating conditions and restored stability within Nigeria’s oil production chain. He noted that crude oil theft, which previously affected production levels, has reduced significantly due to enhanced surveillance and security coordination.

Tinubu explained that his administration inherited an energy sector filled with potential but constrained by inefficiencies and prolonged underinvestment. He said reforms such as fuel subsidy removal and foreign exchange liberalisation have repositioned the sector’s economic structure.

While acknowledging that the reforms required sacrifices from Nigerians, he stated that the policies have improved market efficiency and long-term investment attractiveness.

Nigeria Targets Gas, Renewable Energy Expansion

The president further emphasised Nigeria’s commitment to leveraging its vast gas reserves as a transition fuel while expanding renewable energy capacity. He said energy development remains central to economic growth, national security, and social inclusion.

Officials at the summit also highlighted Nigeria’s vast resource potential. The Nigerian National Petroleum Company Limited (NNPC Ltd) disclosed that the country possesses over 37 billion barrels of crude oil reserves and about 209 trillion cubic feet of gas reserves.

NNPC leadership added that Nigeria is strategically positioned to drive Africa’s energy transition and industrial growth through gas infrastructure projects such as the Ajaokuta-Kaduna-Kano (AKK) pipeline and Obiafu-Obrikom-Oben (OB3) pipeline.

Regional Leaders Back Nigeria’s Energy Strategy

Regional leaders and stakeholders at the summit commended Nigeria’s reforms, stressing the importance of collaboration in achieving energy security across Africa. They also urged African nations to prioritise value addition rather than exporting raw energy resources.

Tinubu reaffirmed Nigeria’s readiness to partner with global investors, African nations, and private sector players to deliver secure, affordable, and sustainable energy for future generations.