Group Chief Executive Officer of NNPC Ltd, Engr. Bashir Bayo Ojulari, speaking with Pulitzer Prize-winning energy author Daniel Yergin during the “Energy Talk Session” at ADIPEC 2025, Abu Dhabi, UAE.
The Nigerian National Petroleum Company (NNPC) Limited has renewed its call for bold global partnerships and sustainable investments to eliminate energy poverty across Africa.
Speaking at the “Energy Talk” session of the ongoing Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC 2025), held in Abu Dhabi, United Arab Emirates, the Group Chief Executive Officer of NNPC Ltd, Engr. Bashir Bayo Ojulari, said the continent’s energy transition must be guided by pragmatism, purpose, and strong partnerships.
Ojulari made this statement while responding to questions from Pulitzer Prize-winning energy author, Daniel Yergin, emphasizing that Nigeria — under President Bola Ahmed Tinubu’s Renewed Hope Agenda — is positioning itself as the driving force behind Africa’s energy transformation.
“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,” Ojulari stated.
According to him, NNPC Ltd has successfully increased Nigeria’s crude oil output to 1.7 million barrels per day, with plans to hit 2 million barrels per day by 2027 and 3 million barrels per day in the long term. This progress, he explained, is being achieved through redefined relationships with International Oil Companies (IOCs) and local independents, coupled with reforms that remove legacy barriers and promote shared value creation.
Ojulari also disclosed that the company is working with OPEC peers, African National Oil Companies (NOCs), and international financial institutions to attract between $30 billion and $60 billion in new investments by 2030. These funds, he noted, will be directed toward deep-water exploration, gas development, and cost-reduction initiatives supported by new government incentives beyond the Petroleum Industry Act (PIA).
Highlighting some of Nigeria’s key energy projects, he listed the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline, the Obiafu-Obrikom-Oben (OB3) Gas Project, and the Presidential Compressed Natural Gas (CNG) Initiative as major components of Nigeria’s clean energy transition strategy.
Ojulari’s remarks echoed those of Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and CEO of ADNOC, who in his opening address called for “pragmatic, not performative” energy policies and stressed the need for $4 trillion in annual global energy investment to drive the transition effectively.
“Our message to the world is clear: Nigeria is open for business. NNPC Limited is fit for the future, and we invite the world to co-invest in Africa’s energy transformation,” Ojulari concluded.
NNPC Limited’s participation at ADIPEC 2025 reflects its transformation into a commercially-driven and globally competitive energy company — one that is not only powering Nigeria but helping to shape the continent’s sustainable energy future.
Hosted annually by the Abu Dhabi National Oil Company (ADNOC), ADIPEC is one of the world’s largest and most influential energy conferences. The 2025 edition, themed “Energy. Intelligence. Impact.”, marks the 41st anniversary of the event, attracting global industry leaders, innovators, and policymakers to discuss the evolving dynamics of the global energy ecosystem.
At ADIPEC 2025, NNPC Ltd CEO Bashir Bayo Ojulari calls for pragmatic global partnerships and up to $60 billion in investments to end Africa’s energy poverty and drive Nigeria’s clean energy transition under President Bola Tinubu’s Renewed Hope Agenda.
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