At the 2019 International Petroleum Conference held in London, recently, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Maikanti Baru, was reported to have copiously highlighted major investment opportunities not only in the Nigerian but the African oil and gas sector. He expressed great optimism on the positive outlook of the continent’s oil and gas business sector. He noted that $194 billion worth of investment could be deployed between 2018 and 2025 into 93 upcoming oil and gas fields in Africa, with Nigeria accounting for $48.04 billion or about 24.8 per cent. Consequently, Nigeria, within that context, has investment opportunities in its oil and gas sector to the tune of a minimum of $48.04 billion. According to Baru, “several new frontiers for exploration opportunities abound in Nigeria. He added that “offshore discoveries in the country (Nigeria) had mostly been limited to between 1000 and 1500 of […]