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Simply is a sponsored podcast of DealHQ Partners, where we engage thought leaders on trending issues around law and business in the most simplistic manner. On Episode 2 of Season 3, our Associate in the Energy Practice, Precious Omope hosts Mr. Nathaniel Oyatogun, CEO of Aspen Energy Limited, and Mr. Luqman Agboola, CEO of Sofidam Capital Limited, as they provide in-depth analysis of Nigeria’s 2025 Petroleum Licensing Round, titled The More Nuanced Considerations to Submitting a Winning Bid That Are Often Overlooked. This episode explores the strategic decisions that serious bidders must confront behind closed doors long before submitting their applications. It covers considerations beyond the formal bid requirements, including asset selection, market intelligence, consortium structures, pre-bid risk assessment, contract models, financial obligations, and signature bonus strategies. The conversation also delves into the role of competition intensity, government strategic interest, local partnerships, technical and operational capacity, and funding strategies in shaping successful bids. It highlights how these factors influence decision-making, consortium governance, risk allocation, and post-award execution, providing insight into what separates credible and competitive bids from those that merely satisfy regulatory requirements.