The Nigerian National Petroleum Company Limited (NNPC Ltd) has urged global investors to take advantage of the numerous investment opportunities in Nigeria’s oil and gas sector, citing the country’s robust regulatory reforms and investment-friendly policies.
Speaking at the 2025 CERAWeek by S&P Global in Houston, Texas, NNPCL’s Executive Vice President, Upstream, Mr. Udy Ntia, said Nigeria is now the investors’ haven.
“We welcome investors from China, India, and beyond to partner with us in unlocking the vast potential of Nigeria’s oil and gas sector,” Ntia said.
“Nigeria offers a stable democracy, improved security, and a business-friendly regulatory framework.”
In a statement by the Chief Corporate Communications Officer of NNPC Ltd., Mr. Olufemi Soneye on Wednesday, Ntia said the Petroleum Industry Act 2021 and the series of Executive Orders signed by President Tinubu in 2023 have significantly liberalized the regulatory framework, offering incentives for cost recovery, royalty payments, and profit-sharing mechanisms.
The NNPC Ltd executive highlighted the refining and gas sub-sectors as areas with huge investment opportunities, stressing that Nigeria is keen on expanding its refining capacity to reduce dependency on imports.
“Gas will play a critical role in Nigeria’s energy future. We are expanding our gas infrastructure in collaboration with partners such as Shell, ENI, and Total,” Ntia added.
Soneye explained that the company’s participation at CERAWeek is a testament to its commitment to showcasing Nigeria’s oil and gas investment opportunities to the global community.
“We are excited to engage with global investors and industry leaders at CERAWeek, and we believe that our participation will yield positive results for Nigeria’s oil and gas sector,” Soneye said.
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