FROM LEFT: Conal Duffy, Practice Leader - Political Risk at Alliant Insurance Services; Thomas Matthias, Executive Director for International Trade Finance; Basim Nasr, Government Contractor and Business Solutions Executive; Vernon Darko, Founder & CEO, EQUIPXP, LC; and Cem Hacioglu, President & CEO, West Africa LNG Group during a panel session at the Energy and Trade roundtable organised by ProvidusUnity Bank recently in Lagos.
Nigeria’s oil and gas sector requires about $25 billion in annual financing to unlock new investments and expand production, a funding shortfall that local and international lenders say can only be addressed through stronger cross-border partnerships.
Against that backdrop, ProvidusUnity Bank, in collaboration with US-based Regions Bank, convened a roundtable in Lagos recently, aimed at connecting energy operators with financing partners and exploring new funding structures for projects across Nigeria’s oil and gas value chain.
The event, themed “Financing Growth Across Nigeria’s Oil & Gas Value Chain,” brought together executives from the banking industry, oil and gas companies, policymakers, and representatives of the Nigerian National Petroleum Company Limited (NNPC Ltd.) to discuss how to improve access to long-term capital.
