The Nigerian Nationwide Petroleum Firm Restricted (NNPC Ltd) has set a goal of attracting $60 billion in investments by 2030 by way of strategic partnerships geared toward driving Africa’s vitality transformation.
The Group Chief Govt Officer of NNPC Ltd, Engr. Bashir Bayo Ojulari, made this recognized on the “Vitality Speak” session of the continued Abu Dhabi Worldwide Petroleum Exhibition and Convention (ADIPEC 2025) going down in Abu Dhabi, United Arab Emirates (UAE), on Tuesday.
Fielding questions from the host and Pulitzer Prize-winning vitality writer Daniel Yergin, the GCEO emphasised Nigeria’s pivotal position in Africa’s vitality milieu, including that NNPC Ltd was the linchpin to the drive for vitality sufficiency within the African continent.
He highlighted Nigeria’s huge oil, fuel, and renewable vitality potentials, stressing that underneath President Bola Tinubu’s Renewed Hope Agenda there are concerted efforts to remodel Nigeria from an extractive financial system to a diversified, investment-driven vitality hub.
“Africa’s vitality future should be constructed on pragmatism, partnerships, and goal. At NNPC Restricted, we aren’t simply collaborating within the vitality transition, we’re shaping it from an African perspective. Our focus is pragmatic: develop manufacturing, monetize fuel, deepen partnerships, and ship worth to Nigerians and world companions alike,” Engr. Ojulari said.
He defined that NNPC Restricted has raised Nigeria’s oil output to 1.7 million barrels per day, with targets of two million by 2027 and three million in the long run, a development that’s pushed by redefined relationships with IOCs and independents, eradicating legacy blockers and aligning on shared worth.
Reaffirming the corporate’s dedication to collaboration, Ojulari stated NNPC Ltd is actively working with OPEC companions, African nationwide oil corporations (NOCs), and world monetary establishments to draw between $30 billion and $60 billion in recent capital by the top of the last decade.
He famous that new authorities incentives launched to enrich the Petroleum Business Act (PIA) are already stimulating international curiosity in deep-water exploration, dry fuel improvement, and operational value optimization.
In a press release issued by NNPC’s Chief Company Communications Officer, Andy Odeh, the GCEO highlighted a number of flagship initiatives shaping Nigeria’s vitality renaissance. These embody the revitalization of upstream operations, fast-tracking new discipline developments, and increasing fuel infrastructure initiatives such because the Ajaokuta-Kaduna-Kano (AKK) pipeline and the Obiafu-Obrikom-Oben (OB3) fuel pipeline.
What the UAE Business Minister stated:
Echoing the opening remarks of Dr. Sultan Ahmed Al Jaber, UAE Minister of Business and ADNOC CEO, who known as for “pragmatic, not performative” vitality insurance policies and emphasised the necessity for $4 trillion in annual world vitality funding, Engr. Ojulari urged world stakeholders to co-invest in Africa’s vitality future.
“Our message to the world is obvious: Nigeria is open for enterprise, and NNPC Restricted is match for the longer term, and we invite the world to co-invest in Africa’s vitality transformation,” he concluded.
Extra insights: ADIPEC is likely one of the world’s largest vitality exhibitions and conferences hosted by the Abu Dhabi Nationwide Oil Firm (ADNOC).
This 12 months’s version with the theme: “Vitality. Intelligence. Impression”, is the forty first within the sequence.
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