The Nigerian National Petroleum Company Limited (NNPC) on Wednesday called on international investors to direct their attention to Nigeria’s vast energy sector and capitalise on emerging opportunities.
Group Chief Executive Officer of NNPC, Bayo Ojulari, made the appeal while speaking with NBC’s Hala Gorani during the Energy Talk segment of the 2025 Gastech Exhibition & Conference in Milan, Italy, according to a statement by NNPC’s Chief Corporate Communications Officer, Andy Odeh.
Ojulari commended President Bola Tinubu for improving Nigeria’s investment climate and positioning the country as a preferred destination for energy sector investment in Africa. He emphasised that the new NNPC management was determined to achieve its targets and deliver value to shareholders.
While investors are already entering Nigeria’s gas-based industries, including petrochemicals and methanol plants, Ojulari said further investments were needed to support the government’s goal of powering the nation’s transport sector with Compressed Natural Gas (CNG).
He highlighted Nigeria’s crude oil assets, noting that the country currently produces 1.7 million barrels per day but has over 200 undeveloped oil fields, offering substantial opportunities for investors to boost production.
On efforts to attract investors, Ojulari said NNPC is investing in carbon capture projects and advanced technologies to enhance energy efficiency and reduce gas flaring. Critical infrastructure projects, such as the Ajaokuta-Kaduna-Kano (AKK) Gas pipeline, are in advanced stages, while the NLNG Train 7 Project is progressing steadily.
He stressed that Nigeria’s energy transition strategy focuses on eradicating energy poverty by promoting gas for industrialisation and Liquefied Petroleum Gas (LPG) for domestic cooking, ensuring access to clean energy for millions of Africans.
Gastech 2025, attended by over 50,000 professionals and 1,000 exhibitors from 150 countries, is one of the world’s leading gas conferences, bringing together global energy leaders to discuss the sector’s future.
Emmanuel Addeh
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