- Nigeria’s energy sector offers over 200 undeveloped oil fields and vast gas infrastructure for global investors.
- NNPC is advancing carbon capture projects, pipelines, and LNG expansion to strengthen clean energy transition goals.
Nigeria’s energy sector currently produces 1.7 million barrels of crude oil daily. Yet, the country still holds over 200 undeveloped oil fields, presenting significant potential for expansion. Ojulari explained that unlocking these assets would boost production and strengthen Nigeria’s position as Africa’s leading energy hub.
He praised President Bola Tinubu for reforms to improve the investment climate, which have enhanced Nigeria’s reputation as a prime destination for energy funding. According to Ojulari, NNPC’s management remains committed to achieving strategic targets and delivering shareholder value.
Transitioning to cleaner energy remains central to Nigeria’s long-term agenda. Investors are already entering gas-based industries, such as petrochemicals and methanol plants, while more capital is required to power the transport sector through Compressed Natural Gas (CNG). Ojulari emphasised that Liquefied Petroleum Gas (LPG) for domestic cooking and gas for industrialisation form key pillars of the government’s energy transition strategy.
Critical projects also strengthen the investment case. The Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline is nearing completion, while the NLNG Train 7 Project continues progressing. NNPC is also developing carbon capture technologies and energy efficiency measures to cut gas flaring and align with global sustainability targets.
Gastech 2025, which drew over 50,000 participants and 1,000 exhibitors from 150 countries, provided the platform for Nigeria to showcase its opportunities. With expanding infrastructure, ambitious reforms, and a push for clean energy, Nigeria’s energy sector is positioning itself as a magnet for global investors seeking growth and sustainability.