The Nigerian National Petroleum Company Limited (NNPCL) has unveiled plans to attract $60 billion in new investment over the next five to seven years to expand gas infrastructure and reinforce the country’s global energy role. Speaking at the Gastech Conference in Milan, CEO Bayo Ojulari outlined projects that align with Nigeria’s strategy to boost industrialisation and expand its gas footprint.
The planned investment targets scaling gas production to 12 bcf/day and expanding refining capacity. Current output stands at 1.6m bpd, with goals to reach 2m bpd by 2027 and 3m by 2030. Flagship projects include the Ajaokuta–Kaduna–Kano pipeline, Nigeria-Morocco Gas Pipeline, and the ongoing expansion of NLNG to 30 MTPA with Train 7 by 2026.
The initiatives are expected to position Nigeria as a regional energy hub, supplying Europe and Africa, while driving domestic industrialisation. By deploying LPG and CNG schemes, the government aims to support clean energy adoption. With over 210 tcf of reserves and reformed policies under the Petroleum Industry Act, Nigeria seeks global partnerships to unlock greenfield oil and gas opportunities. These efforts align with Tinubu’s investor-friendly reforms and reinforce Nigeria’s ambition to remain a key player in global energy security and the transition to renewables.
