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Heirs Energies, led by Tony Elumelu, acquired 20.07% of Seplat Energy for $496 million, becoming its largest shareholder. This acquisition aims to optimize energy and maritime sectors in Imo and Abia States, which hold substantial natural gas reserves.

The Nigerian government's 'Decade of Gas' initiative supports transforming the country into a gas-powered economy by 2030. Key projects include the Assa North Ohaji Gas Processing Company and the Orashi Special Energy Free Trade Zone, facilitating economic growth and maritime access.