The Nigerian National Petroleum Company Limited (NNPCL) has unveiled plans to attract $60 billion in investments over the next five to seven years to expand the nation’s gas production and infrastructure. The announcement was made by NNPCL Group Chief Executive Officer, Bayo Ojulari, during the 2025 Gastech Exhibition and Conference in Milan, Italy. The investment aims to scale up natural gas production to 12 billion cubic feet per day and expand refinery capacities to meet growing global energy demand.
The strategy leverages the structural transformation brought by the Petroleum Industry Act of 2021, which converted NNPCL into a limited liability company. This enables the company to access direct funding, forge global partnerships, and efficiently manage large-scale energy projects. Key projects include the Ajaokuta–Kaduna–Kano (AKK) gas pipeline, expansion of the West African Gas Pipeline to Morocco and Europe, and the construction of Train 7 at Nigeria Liquefied Natural Gas (NLNG).
Through these initiatives, President Tinubu and NNPCL aim to attract international investment, boost industrialization, and strengthen Nigeria’s position in the global energy market. The program is expected to drive economic growth, improve energy security, and create a robust and sustainable gas infrastructure to support the country’s long-term development.