select the sauté function add the coconut oil. allow to melt, then add oats. toast the oats, stirring occasionally, for 5-7 minutes, until lightly golden.
add the water, cinnamon, nutmeg, vanilla and maple syrup. Stir to combine.
pressure cook on high for 1 minute. allow the pot to naturally depressurize for 10 minutes before carefully releasing any remaining pressure.
remove the lid from the Instant Pot, and stir up the oats. add syrup to taste, and serve with your favorite toppings.