The Nigerian National Petroleum Company Limited (NNPC Ltd.) has reaffirmed its commitment to energy transition, decarbonisation, and strategic international partnerships at the Brazil-Nigeria Bilateral Business Forum held in Brasília, Brazil.
Speaking on Monday, August 25, 2025, during the New Industries and Energy Transition Session, Mr. Udy Ntia, Executive Vice President, Upstream, NNPC Ltd., outlined the company’s alignment with President Bola Ahmed Tinubu’s directives on production and investment targets for 2027 and 2030.
Ntia highlighted NNPC Ltd.’s production focus, year-end goals, and plans to harness Nigeria’s vast untapped gas reserves as part of broader efforts to strengthen energy security and drive sustainable growth. He reiterated that Nigeria remains “ready for business” and is keen on leveraging partnerships to accelerate energy transition.
The forum, themed “Partnerships for Development”, was convened on the sidelines of President Tinubu’s state visit to Brazil. It brought together policymakers, investors, and business leaders from both countries to explore collaborations in food security, energy transition, health innovation, and financing.
Key dignitaries at the event included Finance Minister and Coordinating Minister of the Economy, Wale Edun; Minister of Industry, Trade and Investment, Jumoke Oduwole; Minister of Aviation and Aerospace Development, Festus Keyamo; and Central Bank of Nigeria Governor, Yemi Cardoso.
In his closing remarks, President Tinubu emphasized the importance of strengthening bilateral economic cooperation, urging stakeholders to translate discussions into concrete actions.
NNPC Ltd. said it remains dedicated to advancing sustainable energy solutions through global partnerships and looks forward to building on the outcomes of the forum to deepen Brazil-Nigeria relations for mutual prosperity.
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