The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPC Ltd.), Mele Kyari, has reaffirmed Africa’s strategic role in the global energy market, emphasizing Nigeria’s position as the continent’s leading oil and gas producer.
Speaking at the opening of the 2025 Nigeria International Energy Summit (NIES) in Abuja, Kyari delivered an address titled “Africa’s Energy Renaissance: Unlocking Opportunities for Global Investors.”
He highlighted the world’s growing recognition of Africa as the next hub for energy investments, with Nigeria spearheading efforts to enhance gas infrastructure and supply.
Kyari stressed that oil would remain a crucial part of the global energy mix, with demand projected to exceed 100 million barrels per day in 2025, accounting for over 39% of global energy consumption.
However, he underscored the transformative potential of natural gas, describing it not just as a transitional fuel but as a sustainable alternative for the future.
“Currently, over 70% of Nigeria’s population lacks access to clean cooking fuel, while more than 50% remains without reliable electricity. This presents a significant opportunity for gas to bridge the energy gap,” Kyari noted.
He emphasized that Nigeria is actively developing essential infrastructure, regulatory frameworks, and fiscal incentives to accelerate gas adoption.
The country’s investment in gas infrastructure, he said, would be pivotal in unlocking Africa’s economic potential and driving a trillion-dollar economy.
“NNPC Ltd. is at the forefront of delivering gas to industries and power plants while expanding infrastructure to support economic growth,” Kyari stated.
He attributed recent advancements in Nigeria’s energy sector to policy reforms under President Bola Tinubu’s administration. According to him, Tinubu’s Executive Order on Oil & Gas has provided crucial fiscal incentives, creating a stable and attractive investment environment.
“Investors now see Nigeria as a prime destination for long-term, profitable ventures in oil and gas. The renewed confidence in our investment climate is drawing global stakeholders back to capitalize on emerging opportunities,” Kyari added.
This year’s Nigeria International Energy Summit is themed “Bridging Continents: Connecting Investors Worldwide with Africa’s Energy Potential.”
