Stakeholders in Nigeria’s oil and gas industry are working to address the financing constraints limiting fresh investment, with experts estimating an annual funding shortfall of about $25 billion.
That issue was discussed at a high-level roundtable in Lagos hosted by ProvidusUnity Bank in partnership with Regions Bank of the United States. The event brought together bankers, policymakers, operators and other energy stakeholders to explore ways of unlocking capital across the oil and gas value chain.
Participants said the forum was aimed at strengthening ties between Nigeria and the United States while improving access to funding for energy and other strategic sectors. They also stressed the need for closer cooperation between local and international institutions to attract more private investment.
ProvidusUnity Bank said the roundtable was designed to move the conversation toward practical financing structures that can support projects across the sector. Regions Bank said it sees strong potential in Africa and wants to deepen its presence through partnerships with credible local institutions.
A panel session examined issues such as insurance, political risk, gas monetisation, financing for marginal and idle assets, and the need for long-term liquidity. Speakers said those tools could help make more projects bankable and encourage broader investment.
As Nigeria seeks to expand investment in its energy sector, the bank said it will continue building partnerships that improve access to long-term capital and support economic growth.