- NNPC Ltd. targets $60 billion in investments by 2030 as part of plans to boost sustainability, energy security, and upstream sector growth.
- The company prioritises ESG compliance, governance, and talent development to secure global capital and build a resilient energy future.
Nigerian National Petroleum Company Limited, NNPC Ltd., has set a target to attract $60 billion in investments by 2030, as part of its bold plan to drive sustainability, energy security, and growth across Nigeria’s upstream sector.
Olanrewaju Igandan, Head of Joint Venture Investment Management at NNPC Upstream Investment Management Services, NUIMS, announced the target during a panel session at the Nigeria Annual International Conference and Exhibition, NAICE 2025, of the Society of Petroleum Engineers, SPE, in Lagos.
Furthermore, speaking on the theme, “Governance and Structuring Human Resources Strategies for a Sustainable Energy Future,” Igandan said NNPC Ltd. is deploying robust governance structures and forward-looking human capital strategies to position Nigeria as a destination for responsible and scalable energy investments.
“In the next five years, we aim to achieve three million barrels per day, 12 billion standard cubic feet of gas, and attract about $60 billion in investments by 2030,” he said.
In addition, he explained that the company anchors its strategic priorities on sustainability and Environmental, Social and Governance (ESG) principles, which have become essential for global capital access. “NNPC’s motto is ‘energy for today, energy for tomorrow,’ and that captures the essence of sustainability. Without ESG compliance, you will face challenges accessing capital,” he noted.
Igandan also emphasised that talent development, governance, and investment alignment remain central to achieving NNPC’s targets. He added that the company remains committed to building a resilient, inclusive, competitive energy future.
NAICE 2025, the flagship event of the SPE Nigeria Council, brought together top executives, regulators, engineers, and policymakers from across the global energy value chain, providing a platform to deliberate on innovations, best practices, and industry outlooks.