Federal Govt Strengthens Local Capacity As Africa Onshore Spending Hits $22bn

Leadership | 03-04-2026 11:18pm |

The federal government is executing policies to fully integrate indigenous oil companies into mainstream oil and gas industry following asset divestment by International Oil Companies (IOCs). With African onshore spending projected to reach $22 billion by 2026 and Brent crude forecast to average $58 per barrel, competitiveness is increasingly defined by fiscal efficiency, incremental

Stay Updated with the Latest News!

Don't miss out on breaking stories and in-depth articles.