In the News

It was a pleasure to join a #CERAWeek roundtable discussion themed “Energizing Energy Investments for the Global South,” moderated by Daniel Berkove, the Regional Head for Africa and the Levant.

It is a privilege to stand before you today at the final day of International Energy Week 2025. Over the past few days, we have examined the profound transformation underway in the global energy landscape.

The Federal Government has said Nigeria is poised to secure more Final Investment Decisions (FIDs) in 2025, building on its success in 2024 when it secured three out of Africa’s four FIDs, valued at over $5.5 billion.

The future of Africa’s energy sector depends on harnessing the full spectrum of talent available—and that means ensuring women are not just included but empowered to lead.

The Special Adviser on Energy to President Bola Tinubu, Olu Verheijen, has stated that Nigeria is poised to secure an increased number of Final Investment Decisions, a move that reinforces investor confidence and drives sustained economic growth in the energy sector.

In a comprehensive interview with Arise Television's Rolake Akinkugbe-Filani, Olu Arowolo Verheijen, Special Adviser on Energy to President Bola Ahmed Tinubu, shared key insights into the bold and ambitious reforms reshaping Nigeria after years of underperformance caused by regulatory uncertainty, and infrastructure and security challenges.

The Special Adviser to President Bola Tinubu on Energy, Olu Verheijen, has outlined efforts and plans of the administration to achieve Nigeria’s ambitious target of increasing oil production to 4 million barrels per day by 2030.

It has become necessary to clarify media reports suggesting an imminent 65 percent increase in electricity tariffs. This is a misrepresentation of what I actually said in a recent press interview.

President Bola Tinubu’s energy sector reforms are prompting oil companies to take a second look at Nigeria, argues his special adviser for the sector.

Shell Nigeria Exploration and Production Company Limited (SNEPCo), a subsidiary of Shell plc, has made a final investment decision (FID) for the Bonga North deep-water project off Nigeria’s coast.

Olu Arowolo Verheijen, Special Adviser on Energy to the President of Nigeria, Office of Energy, disclosed this in a paper,”The Future of Energy: Shaping the Workforce of Tomorrow”,presented at the recent African Energy Week in Cape Town, South Africa, on November 5, 2024

Mrs Olu Verheijen, the Special Adviser on Energy to the President Bola Tinubu has called for the adoption of a transformative approach to Africa's energy sector, one that embraces diversity and inclusivity to unlock the continent's vast potential.

While speaking at the conference themed; “The Future of Energy: Shaping the Workforce of Tomorrow”, Verheijen said Nigeria so far, has been able to unlock over $1 billion in investments across the value chain, and by the middle of 2025, FIDs on two more projects will be signed, including a multibillion billion-dollar deepwater exploration project.

The Presidency has said that the Nigeria's deepwater oil projects now deliver competitive returns and the country has moved from bottom quartile of 13 indexed countries to top three. Mrs Olu Verheijen, the Special Adviser to President Bola Tinubu on Energy, disclosed this in a keynote address at an Executive Session of the Energy Institute and the National Association of Petroleum Explorationists (NAPE).

Special Adviser on Energy to Nigeria's President, Olu Verheijen, called for a transformative shift in Africa's energy workforce, with the need to cultivate a new generation of talented people, particularly young people and women, to drive Africa's industrialisation.

Olu Verheijen, Special Adviser on Energy to Nigeria's President, has called for an improved workforce for women and youth inclusion to address critical issues surrounding energy poverty and drive Africa's industrialization.

In a move to further revitalise the oil and gas industry's contribution to the Nigerian Economy, Wale Edun, OFR, Minister of Finance and Coordinating Minister of the Economy, presided over a signing ceremony at the Federal Ministry of Finance headquarters in Abuja endorsing the Consolidated Guidelines for the implementation of Fiscal Incentives for the Oil & Gas Sector – a cornerstone of the Presidential Directive aimed at enhancing the Nigerian oil & gas sector's global competitiveness whilst stimulating economic growth.

The Presidency on Friday narrated the many gains already recorded by President Ahmed Bola Tinubu's Interventions in energy sector, highlighting that how recent directives by the President increased the availability of NLNG Trains 1-6 from 57% in 2023 to 70% in Q1, 2024.

President Bola Tinubu on Wednesday signed executive orders introducing tax credits for some onshore and shallow-water locations and streamlining contract approvals, the government said in a statement on X. The measures also include some local-content requirements.