Nigeria's National Petroleum Company Limited (NNPC Ltd.) is aggressively pursuing a $60 billion investment drive over the next five to seven years to supercharge its gas sector and position the country as a leading energy hub in Africa and beyond.
This strategy was spotlighted by NNPC Ltd.'s Group Chief Executive Officer, Bayo Ojulari, at the 2025 Gastech Exhibition and Conference in Milan, Italy, on September 9, where he emphasized Nigeria's vast untapped resources and an improved investment climate under President Bola Ahmed Tinubu.
Core Elements of the PlanInvestment and Production Targets:
The initiative aims to attract at least $60 billion to scale natural gas production to 12 billion cubic feet per day and expand refinery capacities. Ojulari described this figure as "just the tip of the iceberg" for the broader oil and gas industry.
Infrastructure Development: Key focus areas include building facilities to support Compressed Natural Gas (CNG) for powering Nigeria's transportation sector. Ongoing projects like the Ajaokuta–Kaduna–Kano (AKK) gas pipeline and the Nigeria LNG (NLNG) Train 7 are advancing rapidly.
Oil Sector Synergies: Beyond gas, the plan highlights over 200 undeveloped oil fields and untapped reservoirs to boost crude production from the current 1.7 million barrels per day.
Sustainability and Energy Transition: NNPC Ltd. is prioritizing carbon capture technologies, energy efficiency improvements, and reduced gas flaring to align with global financing partners' goals.
The strategy also targets eradicating energy poverty by promoting gas for industrialization and Liquefied Petroleum Gas (LPG) as clean cooking fuel for over six million Africans without access.
Global Market Targeting Strategy: Nigeria is leveraging the Gastech platform—attended by over 50,000 professionals from 150 countries—to pitch its opportunities to international investors.
The country positions itself as Africa's top energy investment destination, with early successes in attracting gas-based industries like petrochemicals and methanol plants.
By focusing on gas as a bridge fuel in the energy transition, Nigeria aims to meet surging global demand while enhancing its export capabilities through expanded LNG and pipeline infrastructure.
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