The Group Managing Director of the Nigerian National Petroleum Company Limited, NNPC Limited, Bayo Ojulari, has called for a coordinated and strategic push to make Nigeria’s energy sector more appealing to global investors. Speaking at the 2025 Society of Petroleum Engineers International Conference in Lagos, Ojulari stressed that Nigeria must build a “bankable” energy case to compete for global capital.
He highlighted that with increasing emphasis on sustainability and ESG standards, Nigeria must present a compelling, credible, and globally relevant investment narrative. He urged stakeholders to move beyond participation and begin to compete on the global stage.
Rejecting the idea that oil and gas are outdated industries, Ojulari argued they remain crucial to a sustainable energy future. He said fossil fuels must be integrated with new technologies such as hydrogen, carbon capture, smart grids, and compressed natural gas, CNG, to drive innovation and resilience.
Ojulari also pointed to the growing impact of CNG across Africa, noting it is already delivering practical benefits. He concluded by stating that the future of energy depends on the decisions and innovations being made today.
