#2023: Investors Leaving Nigeria For other African Countries

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Oil & Gas Companies

Why investors in the Oil & Gas Industry are leaving Nigeria….

Firstly Exxon mobil discovered oil in Chad and built a pipeline to the West African coast through Cameroon.

Secondly a Chinese oil company discovered oil and built a 20k refinery in Niger Republic, now building a pipeline through Benin Republic.

Thirdly, International Oil companies – Shell, Exxon Mobil and now Total Energies are selling their land, swamp and shallow offshore OMLs in Nigeria and using the funds generated to invest in other African countries:
Shell in Namibia 🇳🇦
Exxon mobil in Tanzania 🇹🇿
TotalEnergies in Mozambique 🇲🇿

Why are the neighboring countries and international oil companies moving out of Nigeria? 🇳🇬

Do they know something that’s unknown to the Nigerian masses yet?
Is there a problem brewing that is not yet evident?

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