“NIGERIA SOUNDS THE ALARM ON ENERGY POVERTY: NNPC CALLS FOR GLOBAL PARTNERSHIPS AND INVESTMENT AT ADIPEC 2025”
GREATRIBUNETVNEWS–THE Nigerian National Petroleum Company (NNPC) Limited is urging global stakeholders to form bold partnerships and invest in Africa’s energy sector to eradicate energy poverty.
Speaking at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC 2025), NNPC’s Group Chief Executive Officer, Engr. Bashir Bayo Ojulari, emphasized the need for pragmatism, partnerships, and purpose in shaping Africa’s energy future.
Key Highlights:
– Energy Poverty in Africa: Nigeria highlighted the pressing issue of energy poverty, with 90 million people lacking access to electricity, according to the World Bank.
– Investment Targets: NNPC aims to attract $30-60 billion in new investments by 2030 to drive growth in the energy sector.
– Renewable Energy Push: The company is exploring renewable energy sources, including solar and wind power, to reduce dependence on fossil fuels.
– Partnerships and Collaborations: NNPC is working with international oil companies, independents, and financial institutions to drive energy development in Africa .
A Call to Action:
Engr. Ojulari’s message is clear: Nigeria is open for business, and NNPC is fit for the future. The company invites global partners to co-invest in Africa’s energy transformation and unlock the continent’s vast energy potential .
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.
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