The Federal Government of Nigeria has taken a major step toward restoring financial stability and investor confidence in the electricity market with the finalization of the implementation framework for the Presidential Power Sector Debt Reduction Plan — a landmark initiative approved by President Bola Ahmed Tinubu to address structural bottlenecks and lay the groundwork for large-scale private sector-led investment and sustained economic growth.

President Tinubu reiterates his administration's commitment to creating an enabling environment for Nigeria's domestic and foreign investors. "This major FID announcement by Shell, their second in one year, is a clear validation of our wide-ranging reform efforts and a signal to the world that Nigeria is fully open for business and investment", President Tinubu says.

For decades, our national energy story was defined by oil—its exploration, exports, and volatility. Gas, though abundant, remained on the margins. That era is now over. Under President Bola Ahmed Tinubu’s leadership, gas has been placed at the heart of Nigeria’s growth strategy.