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France's TotalEnergies to invest billions in Nigeria

Total TotalEnergies Nigeria Bola Ahmed Tinubu Bola Tinubu France Oil Patrick Pouyanne Euro

Bola Tinubu, President of Nigeria, arrives for the closing session of the New Global Financial Pact Summit, Friday, June 23, 2023 in Paris, France. © Lewis Joly/Pool via REUTERS

French energy giant TotalEnergies is ready to invest $6 billion (5.5 billion euro) over several years in Nigeria's oil and energy industry, especially in gas and offshore projects.

Nigeria, Africa's top economy and major oil producer, is looking to bring in more foreign investment since President Bola Ahmed Tinubu came to office in May with a set of economic reforms.

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