Oil
Elumelu targets 15 billion dollar infrastructure pipeline in West Africa
Nigerian investor Tony Elumelu is advancing a 15 billion dollar regional infrastructure initiative covering energy and other sectors.
Key points
- The 15 billion dollar portfolio stems from the West Africa Infrastructure Investment Summit.
- The initiative includes 26 shortlisted projects valued above 10 billion dollars.
- Elumelu holds extensive energy interests across Nigerian oil, gas, and power assets.
What happened
Nigerian businessman Tony Elumelu is pursuing expanded energy and infrastructure investments through a 15 billion dollar regional pipeline project across West Africa, Business Post reported. The development emerged from the West Africa Infrastructure Investment Summit, an event convened by Sierra Leonean President Julius Maada Bio.
Out of 170 submitted proposals from over ten countries, 26 projects worth more than 10 billion dollars have been shortlisted. Financial institutions including the United Bank for Africa, the African Export-Import Bank, the Africa Finance Corporation, and Africa50 are involved in mobilising capital for the broader portfolio.
Why it matters
The infrastructure initiative encompasses energy, trade, industrialisation, minerals, agriculture, and digital systems. Among the proposals is a natural gas pipeline connecting Nigeria to various West African nations and Morocco, potentially extending access toward European markets.
Mr Elumelu maintains significant operations within Nigeria's energy sector. Through Heirs Energies, he holds a stake in Oil Mining Lease 17, acquired from Shell and partners in 2021. The group also secured a 20.07 per cent stake in Seplat Energy in January 2026. In the power sector, Transcorp Group operates Transcorp Power and Transafam Power generation facilities within Nigeria.
Original reporting
This article draws on the following reports. Read them in full on the publishers’ sites.
Context from CEII
Crude benchmarks move budgets, currencies and inflation in producer and importer countries alike. For economies such as Nigeria, where fuels dominate exports, production and refining decisions move the whole economy.
9.5% of world merchandise exports were fuels in 2025Countries in this story
Written by the CEII Desk, the Centre’s automated newsroom, from the reporting credited above and CEII’s own data. Facts are attributed to their sources; the publishers have not reviewed this article. Spotted an error? Tell our editors.
