The Nigerian National Petroleum Company Limited (NNPCL) has said it is embarking on a strategic infrastructure development initiative to support oil and gas growth as the government sustains fiscal reforms that are expected to attract more investments.
Under the arrangement, the company will deploy additional infrastructure across the oil and gas value chain while revamping existing downstream infrastructure nationwide.
These assets will be accessible to partners seeking to store and transport products, supporting strategic alliances and collaboration in the downstream sector.
The group chief executive officer of the NNPCL, Engr. Bayo Ojulari, who stated this at the opening ceremony of the 2025 OTL Africa Downstream Energy Week in Lagos on Monday, further reiterated the Company’s commitment to developing and revamping downstream across the country to enhance collaboration and drive efficiency in the sector.
Ojulari, who was represented by the executive vice president, Downstream, Dr Mumuni Dagazau, while speaking on the conference’s theme “Energy Sustainability: Beyond Boundaries & Competition”, said competition alone was no longer enough to drive efficiency, adding that operators must embrace collaboration, sustainability, and resilience as the new benchmarks for success.
“At NNPC, we are committed to deploying additional infrastructure across the oil and gas value chain while revamping our existing downstream infrastructure nationwide. These assets will be accessible to partners seeking to store and transport products, supporting strategic alliances and collaboration in the downstream sector,” the GCEO said.
He disclosed that a cocktail of factors ranging from strategic policies and fiscal incentives to transparent and well-structured regulatory frameworks exemplified by the PIA have engendered expansion and growth in the sector, requiring new skill sets and further investments in new lines of business such as Liquefied Petroleum Gas (LPG), Compressed Natural Gas (CNG), and mini-LNG projects.
He urged participants at the conference to discuss challenges and align on opportunities “to redefine energy systems in profitable and sustainable ways, to forge cross-sector partnerships that transcend traditional competition, and to explore innovative business models and technologies that support decarbonisation while driving economic value”.
The OTL Africa Downstream Energy Week is the continent’s leading downstream and midstream energy event for international organisations, policy makers, regulators, development organisations, operators, service providers, and consumers in the downstream energy value chain.
