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| Photo shows: Group Chief Executive Officer of NNPC Ltd, Engr. Bashir Bayo Ojulari, fielding questions from the Pulitzer Prize-winning energy author, Daniel Yergin, during the “Energy Talk Session” at the ongoing Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC 2025) taking place in Abu Dhabi, UAE, on Tuesday |
At ADIPEC 2025 in Abu Dhabi, NNPC Limited urged urgent and strategic global partnerships and investments to eradicate energy poverty across Africa.
Engr. Bashir Bayo Ojulari, Group Chief Executive Officer of NNPC Ltd, made the appeal during the high-profile “Energy Talk” session on Tuesday.
Fielding questions from the host and Pulitzer Prize-winning energy author Daniel Yergin, Ojulari underscored Nigeria’s crucial role in Africa’s energy landscape, describing NNPC Ltd as the central force driving the continent’s pursuit of energy independence.
He spotlighted Nigeria’s abundant oil, gas, and renewable resources, emphasizing the transformative efforts under President Bola Tinubu’s Renewed Hope Agenda.
Ojulari stressed the vision to shift Nigeria from a resource-extractive economy to a dynamic, diversified energy investment hub powering Africa’s future.
“Africa’s energy future must be built on pragmatism, partnerships, and purpose. At NNPC Limited, we are not just participating in the energy transition, we are shaping it from an African perspective. Our focus is pragmatic: grow production, monetize gas, deepen partnerships, and deliver value to Nigerians and global partners alike,” Engr. Ojulari stated.
He explained that NNPC Limited has raised Nigeria’s oil output to 1.7 million barrels per day, with targets of 2 million by 2027 and 3 million in the long term, a growth that is driven by redefined relationships with IOCs and independents, removing legacy blockers and aligning on shared value.
Reaffirming the company’s commitment to working with OPEC peers, African NOCs, and financial institutions to attract $30 – $60 billion in fresh investment by 2030, Ojulari said new government incentives beyond the Petroleum Industry Act (PIA) are already attracting capital for deep-water exploration, dry gas development, and cost reduction.
He spotlighted some of the nation’s high-profile energy initiatives such as upstream revival through accelerated new fields development, gas infrastructure expansion, including the near-completion of the Ajaokuta-Kaduna-Kano (AKK) gas pipeline and the Obiafu-Obrikom-Oben (OB3), and the rollout of cleaner energy, including the Presidential CNG Initiative and expansion of autogas corridors.
Echoing the opening remarks of Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and ADNOC CEO, who called for “pragmatic, not performative” energy policies and emphasized the need for $4 trillion in annual global energy investment, Engr. Ojulari urged global stakeholders to co-invest in Africa’s energy future.
“Our message to the world is clear: Nigeria is open for business, and NNPC Limited is fit for the future and we invite the world to co-invest in Africa’s energy transformation,” he concluded.
NNPC Limited’s presence at ADIPEC 2025 underscores its evolution into a commercially-driven, globally-engaged energy company, one that is not only powering Nigeria, but helping shape the future of energy across the continent.
ADIPEC is one of the world’s largest energy exhibition and conference hosted by the Abu Dhabi National Oil Company (ADNOC).
This year’s edition with theme: “Energy. Intelligence. Impact”, is the 41st in the series, a press release signed by Andy Odeh, Chief Corporate Communications Officer, NNPC Ltd. explains.
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