The Natural Resource Governance Institute (NRGI) has warned that Nigeria risks failing to recover investments in 38 per cent of its upstream oil and gas projects. The institute urged the Federal Government to reassess its petroleum investment strategy amid the global energy transition. It cautioned that some projects could become commercially unviable as global energy markets evolve, exposing the country to stranded assets and potential revenue losses if investments proceed without adequate risk assessment. The warning was disclosed by NRGI's Nigeria Country Manager, Tengi George-Ikoli, at a policy engagement in Abuja.
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