Nigeria is still dedicated to working with other African countries to attain sustainable energy security throughout the continent, according to Bayo Ojulari, group chief executive officer (GCEO) of the Nigerian National Petroleum Company (NNPC) Limited.
Ojulari addressed at the 7th African Petroleum Producers’ Organization (APPO) National Oil Companies CEOs Forum, according to a statement released by NNPC spokesperson Andy Odeh.
He emphasized how urgent it is for Africa to ensure its energy future and expedite its energy transformation.
The decrease in European investments in fossil fuel refineries—the majority of which are anticipated to be phased out by 2030—was emphasized by Ojulari.
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The GCEO stated that in light of this trend, Africa must take strong action to utilize its wealth of energy resources for the good of its citizens.
“Africa needs to assume responsibility for its policies and resources. We should create our own policies. “I am sure the continent can secure its energy destiny with our vast resource base and improved governance structures,” he said.
In order to improve connection throughout Nigeria’s energy network, the NNPC GCEO highlighted critical infrastructure projects that the company is leading, such as the Ajaokuta–Kaduna–Kano (AKK) gas pipeline project.
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He also emphasized the Nigeria–Morocco Gas Pipeline Project, which is an expansion of the West African Gas Pipeline (WAGP) and aims to increase cross-border energy trade and regional integration.
“Alignment, payments, and teamwork were issues when we first started, but the framework is functioning now. The pipeline will first be extended to Côte d’Ivoire before eventually reaching Morocco, according to Ojulari.
He added that the Petroleum Industry Act (PIA) has opened up new opportunities throughout the oil and gas value chain by fostering a climate that is conducive to investment.
Regarding security, Ojulari stated that Nigeria has achieved 100% pipeline availability for the first time in 20 years because to improved collaborations with host communities and security agencies. He claimed that this achievement has rekindled investor trust in Nigeria’s energy infrastructure.
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Setting benchmarks with international energy giants like Saudi Aramco, Petrobras, and Petronas, Ojulari emphasized NNPC’s willingness to work with African peers, exchange information, and advance collectively in order to realize the continent’s entire energy potential.
