Nigeria’s oil and gas industry recorded $17.98 million in capital inflows in 2025, up from $5.12 million in 2024, according to the latest report by the National Bureau of Statistics (NBS).
This marks a sharp increase from $5.12 million in 2024, reflecting a gradual return of investor confidence in the country’s hydrocarbon sector.
“Oil and gas inflows more than tripled year-on-year, signaling early signs of recovery in a sector long affected by global price volatility and operational challenges,” the report stated.
Analysts attribute the rise in inflows to stronger market fundamentals, improved regulatory clarity, and enhanced security measures in key oil-producing regions. The data suggests that global investors are increasingly seeing Nigeria’s energy sector as a resilient and profitable destination for long-term investment.
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Gas Sector Leads
A major driver of the inflows is Nigeria’s gas sector. The Central Bank of Nigeria (CBN) reported that gas export earnings climbed 21 per cent to $10.51 billion in 2025, up from $8.66 billion in 2024.
The growth underscores the rising role of gas in Nigeria’s foreign exchange reserves and highlights the sector as a strategic pillar for national economic growth.
The Nigerian National Petroleum Company Limited (NNPCL) unveiled its Gas Master Plan 2026, aiming for 10 billion cubic feet of daily gas production to power industrialisation and strengthen energy security.
In addition, NNPCL is targeting $60 billion in investment to expand Nigeria’s gas reserves from 210 trillion cubic feet to 600 trillion cubic feet, reflecting a clear roadmap for sustainable growth.
Gas infrastructure developments, including pipelines and export facilities, are further boosting investor confidence, enabling Nigeria to meet both domestic demand and global supply obligations.
Strategic Investments
Nigeria’s non-oil exports are also showing strong performance.
Exports in agriculture, manufacturing, and solid minerals rose to ₦12.36 trillion in 2025, up from ₦9.09 trillion in 2024.
The sector’s growth is supported by strategic partnerships and investment in operational efficiency. According to NNPCL, the company is leveraging technology, best practices, and collaboration with both local and international investors to ensure long-term sustainability.
“Our goal is to create a resilient and scalable energy sector that supports industrialisation, strengthens energy security, and delivers long-term value for both investors and citizens,” NNPCL stated.
Experts note that while capital inflows remain modest compared to the sector’s full potential, the upward trajectory indicates a structural recovery.
With stronger regulatory frameworks, security measures, and a focus on gas infrastructure, Nigeria is well-positioned to expand its role as a key player in the global energy market.
