NNPC Seeks $60 Billion Investment to Unlock Nigeria’s Oil and Gas Potential

The Nigerian National Petroleum Company Limited (NNPC Ltd.) is urging international investors to capitalize on Nigeria’s vast energy resources, positioning the country as Africa’s leading oil and gas investment hub. At the 2025 Gastech Conference in Milan, NNPC’s CEO, Bayo Ojulari, outlined plans to boost natural gas production to 12 billion cubic feet per day and expand refinery capacity, seeking $60 billion in funding over the next five to seven years. He highlighted opportunities in undeveloped oil fields, gas-based industries, and key infrastructure projects like the AKK gas pipeline and NLNG Train 7.

Written by Adeyemi Adewale