Nigeria's oil and gas company, Oando, plans to raise up to $750 million for a drilling campaign that could increase output by 300% due to improved investor appetite amid the Iran war. The company is among a handful of local companies that have acquired assets from oil majors in the past decade. This year, rising energy prices should increase funding sources for producers in the region, according to CEO Wale ‘Tinubu. Oando has raised $3 billion-$4 billion from European banks in the last decade, largely due to climate concerns. However, Tinubu said Africa needed more long-term funding and that Africa should pool capital available at home to fund capital projects.