Africa’s investment landscape has faced challenges, particularly in Nigeria, where economic instability, currency fluctuations, and rising costs have led to over 20 companies relocating and significant job losses. However, in 2024, Nigeria emerged as Africa’s top destination for upstream oil and gas investments, securing $13.5 billion in Final Investment Decisions (FIDs) from major companies like Shell and TotalEnergies. Key projects include the Iseni Gas Project and the $5 billion Bonga North deep-water project, both expected to enhance domestic gas supply and bolster economic growth. The Nigerian government aims to attract further investments through policy reforms and incentives.