The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd), Engr. Bayo Ojulari, has said that collaboration, sustainability, and resilience are essential to achieving efficiency in the energy sector.
Ojulari stated this on Monday at the opening ceremony of the 2025 OTL Africa Downstream Energy Week in Lagos, where he reaffirmed NNPC’s commitment to developing and revamping the downstream sector across the country to enhance cooperation and drive growth.
Speaking on the theme, “Energy Sustainability: Beyond Boundaries & Competition,” the NNPC GCEO noted that competition alone was no longer sufficient to drive performance and innovation in the industry.
“At NNPC, we are committed to deploying additional infrastructure across the oil and gas value chain while revamping our existing downstream infrastructure nationwide. These assets will be accessible to partners seeking to store and transport products, supporting strategic alliances and collaboration in the downstream sector,” he said.
Ojulari explained that a combination of strategic policies, fiscal incentives, and transparent regulatory frameworks—particularly those introduced by the Petroleum Industry Act (PIA)—had stimulated growth in the sector. This, he said, necessitates new skill sets and investments in emerging areas such as Liquefied Petroleum Gas (LPG), Compressed Natural Gas (CNG), and mini-LNG projects.
He urged participants at the conference to engage in discussions that would address challenges and identify opportunities to redefine energy systems in ways that are both profitable and sustainable. According to him, the future of the energy industry depends on cross-sector partnerships and innovative business models that promote decarbonization while delivering economic value.
Ojulari emphasized that NNPC remains focused on fostering collaboration and partnerships that will ensure energy security, drive efficiency, and support Nigeria’s transition to a more sustainable energy future.
The OTL Africa Downstream Energy Week is regarded as the continent’s leading downstream and midstream energy event, bringing together international organizations, policymakers, regulators, development agencies, operators, service providers, and consumers within the energy value chain.
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