Reaffirming its production goals, the Nigerian National Petroleum Company Limited (NNPCL) has pledged to reach two million barrels of oil per day by 2027.
The company stressed the need for stronger global partnerships and increased investment to tackle energy poverty across Africa.
Addressing participants on Tuesday during the “Energy Talk” session at the ongoing Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC 2025) in the United Arab Emirates, NNPC Group Chief Executive Officer, Bayo Ojulari, highlighted the urgency of bold collaborative efforts to expand access to sustainable energy across the continent.
While speaking with the host and Pulitzer Prize-winning energy expert, Daniel Yergin, the NNPCL chief highlighted Nigeria’s central position in shaping Africa’s energy landscape.
He added that NNPC remains the cornerstone of the continent’s push toward sustainable energy self-sufficiency.
Ojulari highlighted that NNPC has boosted Nigeria’s daily oil production to 1.7 million barrels, and is pushing toward 2 million barrels per day by 2027, with a longer-term ambition of reaching 3 million barrels per day. He attributed this progress to renewed collaborations with Independent Oil Companies and other players in the sector, tackling long-standing obstacles and pursuing mutual value.
He further reaffirmed NNPC’s resolve to partner closely with OPEC counterparts, African national oil firms, and global financial institutions in order to secure between $30 billion and $60 billion in new investments by 2030.
He noted that fresh government incentives, introduced in addition to the Petroleum Industry Act (PIA), are already drawing investment into deep-water exploration, dry-gas projects, and initiatives aimed at cutting operational costs.
Africa’s energy future rests on realism, collaboration, and a clear sense of direction. At NNPC Limited, we are not merely taking part in the global energy transition — we are defining it through an African lens.
“Our approach is straightforward and strategic: boost production, unlock gas value, strengthen partnerships, and ensure meaningful returns for Nigeria and our international allies.
“Our message is simple — Nigeria is open for business. NNPC Limited is prepared for the future, and we welcome global investors to join us in powering Africa’s energy evolution,” he stated.