Distinguished members of the Nigerian-British Chamber of Commerce, Your Excellency the British Deputy High Commissioner, captains of industry, investors, regulators, development partners, ladies and gentlemen — good morning. We meet under a theme that captures both the challenge and the promise of our time: energy in Nigeria, from potential to reality. Nigeria has never lacked potential. We have oil. We have gas. We have sunlight, water, land, talent and scale. What we have lacked is conversion — the discipline to turn resources into results.

President Bola Ahmed Tinubu’s reforms have made Nigeria the most attractive upstream destination for capital in Africa as stated in Wood Mackenzie Upstream Lens. Presidential executive orders unlocked IOC divestments, made deepwater competitive, and secured integrated investments that are reshaping the sector

The Presidency wishes to update Nigerians on progress under the Presidential Power Sector Financial Reforms Programme. The Programme is addressing long-standing debts in the power sector accumulated between February 2015 and March 2025. Following verification, ₦3.3 trillion has been agreed as full and final settlement, ensuring a fair and transparent resolution.