AGP Executive Report
Last update: 10 hours agoEnergy Supply: Nigeria’s crude output exceeded its OPEC quota for a fifth straight month in September, averaging 1.53 million barrels a day; the regulator is also developing a plan to tap heavy-oil deposits. Domestic Gas: Shell agreed to sell its Nigerian gas distribution business to Vaaris Energy. The 170km network serves more than 130 businesses, making continuity of supply critical for manufacturers. Power Infrastructure: The Federal Government approved a new electricity grid strategy to curb repeated collapses, while NERC says 4.7 million customers remain unmetered. Investment: Nigeria is pitching 65 projects worth $78.5 billion to investors, with energy and transport set to receive 78% of the proposed funding. Industrial Standards: Nigeria’s measurement standards gained global recognition through a new international agreement, which could ease trade and reduce reliance on overseas calibration services. Agriculture and Exports: The Lagos Chamber of Commerce warns EU deforestation rules could threaten more than half of Nigeria’s cocoa exports, putting pressure on producers to improve traceability and compliance.
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