Verheijen: Nigeria Needs $38.3bn to Plug Funding Gap in Oil, Gas Sector

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Emmanuel Addeh in Abuja

Nigeria requires about $38.3 billion in additional financing to sustain current oil and gas production, and achieve its 2030 output targets, Special Adviser to the President on Energy, Olu Verheijen, has said.

Speaking at the 25th Nigeria Oil and Gas (NOG) Energy Week Conference and Exhibition in Abuja, Verheijen said the huge funding gap could only be bridged by creating a stable, competitive, and investor-friendly environment capable of attracting both domestic and international capital.