• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Friday, August 1, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

NNPCL Unveils Ambitious Strategy For Energy Sector Growth At 41st NAPE Confab

As Wunti's visionary address sparks momentum

by Chika Izuora
2 years ago
in Business
Mr Frank Mmamelu

Mr Frank Mmamelu

Share on WhatsAppShare on FacebookShare on XTelegram

In a groundbreaking keynote address during the management session at the 41st edition of the Nigerian Association of Petroleum Explorationists (NAPE) conference, NNPC Ltd’s Chief Upstream Investment Officer at NNPC Upstream Investment Management Services (NUIMS), Bala Wunti, unveiled a strategic plan aimed at reshaping the trajectory of Nigeria’s energy sector.

Advertisement

The announcement took centerstage at Eko Hotel and Suites, Lagos, from November 12 to 16, 2023.

Representing Wunti, Frank Mmamelu, a Management staff in NNPC Upstream Investment Management Services (NUIMS), delivered a comprehensive presentation outlining the strategic roadmap’s core elements under the theme; “Challenging Opportunities and Enablers that will Allow Strategies for Reserves and Potential Growth.” The overarching objective was to address existing challenges and unlock opportunities within the nation’s oil and gas industry.

A pivotal focus of the unveiled plan is the ambitious goal of achieving a 20% increase in gas regionalization within the next six months. This strategic initiative entails the deregulation of midstream gas pricing, positioning Nigeria for a more dynamic and competitive energy market.

NNPC Ltd’s commitment to supporting local refineries and increasing Indigenous operators’ share of imported crude oil by one million barrels underscores a dual-pronged approach. This approach aims to enhance domestic economic growth and elevate Nigeria’s stature in the global energy landscape.

RELATED

Centre Laments Poor Presence Of CNG Outlets In North

Federal Gov’t To Build Additional CNG Conversion Centres

2 hours ago
UBA Shareholders Approve N5 Per Share Dividend For 2024

Recapitalisation: UBA Opens N157.85bn Rights Issue

20 hours ago

Emphasising NNPC Ltd’s mandate for profitability and energy security, the strategic plan lays the groundwork for the company to deepen its global footprint. The objective is to create an energy business that not only prioritizes profitability but is also resilient and sustainable amidst the ongoing energy transition.

Addressing the challenges faced by the industry, Mmamelu openly acknowledged issues such as funding constraints and a decline in investor interest. The call for industry-wide alignment was pronounced, underscoring the imperative need for collaboration among NNPC Ltd, regulators, host communities, service providers, and agencies.

The strategic plan outlines a roadmap for short-term gains, with a concentrated effort on improving cash flows, team building, and stakeholder engagement. These initiatives are designed to fortify NNPC Ltd.’s agility and preparedness to seize emerging opportunities.

As Nigeria enters a new era post-2020, NNPC Ltd stands as a transformed organization, poised to navigate the challenges and opportunities presented by the evolving energy landscape. The keynote address during the management session at the 41st NAPE edition served as a catalyst for industry-wide alignment, signalling a shared purpose that will propel Nigeria towards a prosperous and sustainable energy future.

The 41st edition of NAPE conference provided an opportune platform for NNPC Ltd. to showcase visionary leadership and a commitment to steering Nigeria’s energy sector towards prosperity.

The event at Eko Hotel and Suites, Lagos, witnessed a convergence of industry experts and stakeholders, setting the stage for collaborative efforts to shape the future of the nation’s oil and gas industry.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel




SendShareTweetShare
Previous Post

PCL, Nigeria-South Africa Chamber Partner On Tourism

Next Post

Making Income As Mascot During Yuletide Season

Chika Izuora

Chika Izuora

You May Like

Centre Laments Poor Presence Of CNG Outlets In North
Business

Federal Gov’t To Build Additional CNG Conversion Centres

2025/08/01
UBA Shareholders Approve N5 Per Share Dividend For 2024
Business

Recapitalisation: UBA Opens N157.85bn Rights Issue

2025/07/31
AfDB Tips Senegal, Mozambique Ahead Of Nigeria In Gas Investment
Business

AfDB Supports Nigeria with $1.2m For Battery Energy Storage System Study

2025/07/31
SheVentures, WENA Partner, Empower 150 Women Entrepreneurs
Business

SheVentures, WENA Partner, Empower 150 Women Entrepreneurs

2025/07/31
First HoldCo Earnings Rise By 18% To N1.7trn H1
Business

First HoldCo Earnings Rise By 18% To N1.7trn H1

2025/07/31
Business

ICT Stakeholders Agree On Collaboration To Address Multiple Taxation, Others

2025/07/31
Leadership Conference advertisement

LATEST

Climate Change And Africa’s Debt Burden

Tinubu, Saraki, Obi, Others Hail Igbinedion At Biography Launch

Ekiti Traditional Rulers’ Council Gets New Chairman

NNPP Demands Resignation Of Osun Assembly Speaker

Foundation, Google Train Visually-impaired Students, Others In AI

‘Nigeria Is Cradle Of Humanity’

Ondo Guber: Appeal Court Upholds Aiyedatiwa’s Victory

Katsina Farmer Laments Crops Destruction

UNICEF Empowers Bauchi Youth

Katsina Assembly Urges Deployment Of More Security Personnel

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.