NNPC Ltd Leads Africa’s Gas Expansion Drive – Kyari
GCEO Lauds Tinubu’s Reforms for Attracting Global Investment
The Group Chief Executive Officer of NNPC Ltd, Mele Kyari, has reaffirmed Africa’s growing significance in the global energy market, positioning Nigeria as the continent’s leader in oil and gas production.
Speaking at the 2025 Nigeria International Energy Summit (NIES) in Abuja on Tuesday, Kyari highlighted the country’s vital role in global energy supply, noting that oil will continue to account for over 39% of global demand, with daily consumption exceeding 100 million barrels.
Delivering his keynote address on the theme “Africa’s Energy Renaissance: Unlocking Opportunities for Global Investors”, Kyari emphasized that gas is not just a transitional fuel but a long-term sustainable energy solution for Nigeria and Africa.
“More than 70% of Nigerians lack access to clean cooking fuel, and over 50% remain without reliable electricity. This presents a major opportunity for gas to drive energy access and national development,” he stated.
Nigeria’s Gas Revolution: A Trillion-Dollar Opportunity
Kyari outlined Nigeria’s strategic gas infrastructure expansion, stressing that NNPC Ltd is spearheading efforts to supply gas to industries and power plants while developing critical infrastructure to boost economic growth. He reiterated that gas development is essential for transforming Nigeria into a trillion-dollar economy.
“Nigeria is taking the lead in unlocking Africa’s vast gas potential. We are not just supplying gas locally but building the infrastructure to sustain long-term economic expansion,” Kyari said.
He credited President Bola Tinubu’s Executive Order on Oil & Gas for driving renewed investor confidence, citing fiscal incentives and ease of doing business as catalysts for increased Final Investment Decisions (FIDs).
“Global investors now recognize Nigeria’s oil and gas sector as a prime destination for solid returns within a stable fiscal environment,” Kyari added.
Global Investors Eye Nigeria’s Energy Potential
Kyari noted that Nigeria’s strategic reforms and investment-friendly policies are drawing renewed interest from international investors looking to tap into the country’s growing energy opportunities.
This year’s Nigeria International Energy Summit (NIES), themed “Bridging Continents: Connecting Investors Worldwide with Africa’s Energy Potential”, underscores Nigeria’s role as the gateway to Africa’s energy renaissance.
As NNPC Ltd continues to lead the charge in gas infrastructure expansion, the country is set to cement its position as a global energy powerhouse, attracting more investments and driving sustainable growth in Africa’s energy sector.
