SSA Olubukola Verheijen Hosts Renaissance Africa Energy Company Limited, Charts Path to 2030 Targets
It was a significant meeting at the office of the Special Adviser to the President on Energy, Olubukola Arowolo Verheijen, who hosted executives of Renaissance Africa Energy Company Limited, led by its Managing Director & CEO, Tony Attah. This was an opportunity to review the progress following the takeover of the Shell Petroleum Development Company (SPDC) assets—an acquisition approved by President Tinubu—and to align goals for Nigeria’s energy trajectory moving forward.
Since the divestment, Renaissance has been operating the SPDC assets under the renamed structure, Renaissance Africa Energy Company Limited. Key strides have already been made under this new ownership. Improved security in the Niger Delta has allowed better access to infrastructure, enabling operational stability. Meanwhile, policy reforms and fiscal incentives introduced by the government have created an enabling environment for investment, reducing barriers that previously delayed project execution.
Priority areas discussed during the meeting reflect full alignment: increasing oil production, accelerating gas development, and investing heavily in local content and capacity building. The company is also deeply engaged in inclusive community partnerships to ensure host communities benefit as operations scale—and to address environmental and social responsibilities in parallel.
Looking ahead, both the government through Verheijen’s office and Renaissance have set ambitious but achievable goals: achieving 4 million barrels per day (bpd) of oil production, and 10 billion cubic feet per day (bcf/d) of gas production by 2030. To reach these targets, ongoing projects are being scaled up, investments are being fast-tracked, and regulatory frameworks are being sharpened.
The meeting reflects a turning point. With renewed hope, clearer policy direction, and a stronger public-private partnership, Nigeria is steadily moving towards energy security, economic diversification, and job creation—cornerstones of the presidency’s Renewed Hope agenda.
