Why We Chose Angola Over Nigeria For $6billion Energy Projects – TotalEnergies CEO | CABLE REPORTERS

The CEO of TotalEnergies, Patrick Pouyanne, has explained that the $6 billion in energy projects was diverted to Angola instead of Nigeria because of inconsistent policymaking decisions 

Speaking at the Africa CEO Forum in Kigali, Rwanda, Pouyanne highlighted the importance of a stable policy environment for businesses to invest, which Angola offers ². He noted that despite the Niger Delta being the most productive region in West Africa, the unpredictable policy landscape in Nigeria has made it difficult for TotalEnergies to invest there 

 Pouyanne also mentioned that the company has not conducted oil exploration in the Niger Delta for 12 years ¹. Additionally, he emphasized that insecurity and a lack of human capital are significant challenges hindering investment in Nigeria 

Pouyanne stressed the need for a stable framework that investors can trust, which is why TotalEnergies chose Angola for the $6 billion project 

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