By Dr. Nafisat Makinde
The Nigerian National Petroleum Company Limited (NNPC Ltd) has reaffirmed its commitment to strengthening the country’s downstream oil and gas sector through infrastructure expansion, collaboration, and sustainability-driven reforms.
Speaking on Monday at the opening ceremony of the 2025 OTL Africa Downstream Energy Week in Lagos, Group Chief Executive Officer, Engr. Bayo Ojulari, said the company is focused on modernising critical facilities across the value chain to enhance efficiency and attract private investment.
“At NNPC, we are committed to deploying additional infrastructure across the oil and gas value chain while revamping our existing downstream facilities nationwide,” Ojulari said. “These assets will be accessible to partners seeking to store and transport products, creating opportunities for strategic alliances and industry-wide collaboration.”
Ojulari noted that competition alone was no longer enough to drive growth, stressing that operators must now adopt sustainability, innovation, and resilience as the new benchmarks for success. He urged stakeholders to identify challenges and embrace cross-sector partnerships that promote decarbonisation and long-term economic value.
In a statement by NNPC’s Chief Corporate Communications Officer, Mr. Andrew Odeh, the GCEO explained that recent fiscal incentives and policy reforms under the Petroleum Industry Act (PIA) have created an enabling environment for investment in new energy solutions such as Liquefied Petroleum Gas (LPG), Compressed Natural Gas (CNG), and mini-LNG projects.
He said the OTL Africa Downstream Energy Week provides a vital platform for stakeholders to chart new strategies for a more resilient and sustainable energy future for Africa, adding that NNPC Ltd remains committed to driving innovation and transparency across the sector.
