Nigeria’s oil and gas sector is now in a stronger position to draw global investment, following recent reforms and restructuring in the industry, according to Renaissance Africa Energy Company Limited’s Managing Director, Tony Attah.

Speaking through the company’s Executive Vice President of Finance, Olusegun Banwo, at the 50th anniversary of the Nigerian Association of Petroleum Explorationists (NAPE) in Lagos, Attah noted that the country has made significant progress in creating a more investor-friendly environment.

At the event, Renaissance was honoured with the Strategic Investment in Nigeria’s Energy Future award, while its Chairman, Dr. Layi Fatona, received the Industry Icon award.

Attah highlighted key reforms such as the Petroleum Industry Act (PIA), the Nigerian Oil and Gas Content Development Act, and the commercial transformation of NNPC Limited as major steps that have improved investor confidence. He stressed that financial institutions look beyond physical assets when funding projects, focusing instead on credible leadership, sound governance, and competent boards.

Citing Renaissance’s acquisition of Shell Petroleum Development Company earlier in 2025, Attah said the company is committed to shaping a new era for Nigeria and Africa through sustainable energy, industrial growth, and strong governance.

NAPE President, Johnbosco Uche, said Renaissance was recognised for its significant contributions to Nigeria’s energy sector and its forward-looking investments.

Attah concluded that with these changes in place, Nigeria is better positioned to unlock capital, attract partners, and drive long-term growth in oil and gas.