The Nigerian National Petroleum Company Limited (NNPC Ltd.) has restated its commitment to advancing the nation’s downstream petroleum sector through strategic partnerships, collaborative investments, and innovation-driven reforms aimed at ensuring sustainability, commercialisation, and inclusive growth.
Speaking during the 2025 Inaugural Annual Downstream Petroleum Week hosted by the House of Representatives Committee on Petroleum Resources (Downstream) at the National Assembly Complex, Abuja, the Group Chief Executive Officer (GCEO), Engr. Bashir Bayo Ojulari, underscored the importance of alliances among key stakeholders in shaping the future of Nigeria’s energy sector.
Represented by Mr. Mumuni Dagazau, Executive Vice President, Downstream, NNPC Ltd., Ojulari described the nation’s downstream industry as one that stands at a crucial crossroads — transitioning from decades of regulatory overhaul toward a more open, innovative, and market-driven framework.
“Forging strategic alliances remains central to unlocking value, achieving sustainability, and deepening commercialisation across Nigeria’s downstream petroleum value chain,” Ojulari stated. “The opportunity to create a sustainable economy for today and the future depends on supply partnerships, infrastructure co-investments, security collaborations, host community cooperation, and operational alliances.”
He emphasized that Africa’s energy demand is projected to grow significantly in the coming years, positioning Nigeria as a major player in meeting both domestic and regional energy needs. To seize this opportunity, Ojulari called for a united front among government institutions, private investors, host communities, and technology partners, stressing that such synergy would foster a more resilient and competitive downstream sector.
“We must embrace coordinated efforts and collective responsibility to harness emerging opportunities. Collaboration is not optional; it is the key to building an inclusive and sustainable energy future,” he added.
On domestic fuel stability, the NNPC Ltd. GCEO reaffirmed the company’s unwavering commitment to ensuring steady product availability, fair pricing, and uncompromising quality across its extensive retail network nationwide.
Ojulari lauded the National Assembly and the House of Representatives Committee on Petroleum Resources (Downstream) for convening the strategic forum, noting that the engagement provided a valuable platform for dialogue and partnership between regulators, operators, and investors. He reiterated NNPC Ltd.’s role as both a commercial enterprise and a national energy steward, focused on strengthening industry collaboration, promoting local content, and supporting Nigeria’s transition toward cleaner, sustainable fuels.
The event, themed “Celebrating Our Successes, Confronting Our Challenges, and Finding Solutions for the Petroleum Downstream Sector,” brought together top government officials, lawmakers, industry players, and energy experts to explore actionable pathways for boosting operational efficiency, competitiveness, and investment confidence in Nigeria’s downstream value chain.
In his closing remarks, Ojulari emphasized that the path to achieving Nigeria’s energy security and economic growth lies in building trust-based partnerships and deploying innovative business models that can withstand global market shifts and domestic challenges.
In a statement endorsed by Andy Odeh, Chief Corporate Communications Officer at NNPC Lt d said the message resonated across the energy community, with observers describing it as a timely reminder of the critical role collaboration plays in ensuring Nigeria’s sustainable energy future.
NNPC Ltd. GCEO Engr. Bashir Bayo Ojulari reaffirms that strategic partnerships are vital for driving sustainability, innovation, and growth in Nigeria’s downstream petroleum sector. Speaking at the 2025 Downstream Petroleum Week, Ojulari underscores collaboration, investment, and reform as key to building a resilient energy future.
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