NNPC Calls on Global Investors to Unlock Nigeria’s Untapped Oil and Gas Potential
The Nigerian National Petroleum Company Limited (NNPC) has urged international investors to explore Nigeria’s vast energy sector, highlighting untapped opportunities in both oil and gas. Speaking at the 2025 Gastech Exhibition & Conference in Milan, Italy, NNPC Group CEO Bayo Ojulari emphasized that the country’s energy assets offer substantial returns for investors willing to engage in long-term development projects.
Ojulari praised President Bola Tinubu for improving Nigeria’s investment climate and positioning the nation as a preferred destination for energy sector investment in Africa. He assured that NNPC’s management is focused on achieving strategic targets and delivering value to shareholders, signalling a proactive approach to enhancing investor confidence.
While Nigeria’s gas-based industries, including petrochemicals and methanol plants, are already attracting investments, Ojulari stressed the need for additional funding to support the government’s push to power the transport sector with Compressed Natural Gas (CNG). He also highlighted that Nigeria produces 1.7 million barrels of crude oil per day but has over 200 undeveloped oil fields, presenting significant opportunities to expand production.
The NNPC CEO also outlined ongoing infrastructure and technological initiatives aimed at boosting energy efficiency. Projects such as the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline and the NLNG Train 7 Project are in advanced stages, while investments in carbon capture and other innovative technologies aim to reduce gas flaring and promote sustainable energy practices.
Ojulari concluded by noting that Nigeria’s energy transition strategy focuses on eradicating energy poverty through gas-powered industrialization and promoting Liquefied Petroleum Gas (LPG) for domestic use. With Gastech 2025 attracting over 50,000 professionals and 1,000 exhibitors from 150 countries, the platform provided a global stage to showcase Nigeria’s growing energy potential to investors worldwide.
source: arise