NNPC LTD. WOOS GLOBAL INVESTORS AT CERAWEEK 2025, HIGHLIGHTS NIGERIA’S OIL AND GAS INVESTMENT OPPORTUNITIES
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The Nigerian National Petroleum Company Limited (NNPC Ltd.) is urging global investors to take advantage of the favorable investment environment in Nigeria’s oil and gas sector. Speaking at the 2025 CERAWeek by S&P Global in Houston, Texas, Executive Vice President, Upstream, Mr. Udy Ntia, emphasized that Nigeria is now a secure and attractive destination for investment
Ntia highlighted Nigeria’s strategic positioning to capitalize on the current strong price environment, anticipating substantial investment inflows into the sector. He noted that Nigeria is expanding its oil and gas industry to meet rising global energy demand, driven by geopolitical tensions and the energy policies of the US administration.
*Key Investment Opportunities*
Some of the areas with huge investment opportunities in Nigeria’s oil and gas sector include:
-Refining and Gas Sub-Sectors*: Nigeria is keen on expanding its refining capacity to reduce dependency on imports and tapping into its vast gas reserves of about 207 trillion cubic feet (TCF) to drive industrialization and economic growth.
LNG Train 7 Project: The project is advancing, and Nigeria is investing in domestic pipeline networks to meet local energy demands.
Gas Infrastructure: Nigeria is expanding its gas infrastructure in collaboration with partners such as Shell, ENI, and Total.
Regulatory Reforms
Ntia also highlighted the regulatory reforms implemented by President Bola Ahmed Tinubu’s administration, including the Petroleum Industry Act 2021 and the series of Executive Orders signed in 2023. These reforms have significantly liberalized the regulatory framework, offering incentives for cost recovery, royalty payments, and profit-sharing mechanisms.
Foreign Investment Inflows
Nigeria recorded $16 billion to $17 billion in foreign investment inflows in 2024 following the implementation of these regulatory reforms. Ntia encouraged foreign investors, particularly from China and India, to explore the investment opportunities in Nigeria’s oil and gas sector, citing the country’s large crude oil reserves (over 37 billion barrels) and flexible investment models
