NNPCL Boss Speaks! Winners of next Energy Era will not be those with Largest Reserves...
The Group Chief Executive Officer of NNPC Limited, Bashir Ojulari, has called for stronger global and continental partnerships to unlock Africa’s vast energy resources and drive sustainable economic growth.
Ojulari made the call on Tuesday while delivering the keynote address at the opening of the 2026 Nigerian Oil and Gas (NOG) Energy Week in Abuja.
Speaking on the theme, “Forging Africa’s Strategic Energy Growth Through Global Collaboration,” the NNPC boss said Africa’s greatest challenge was not a lack of hydrocarbon resources or talent, but the fragmentation of the institutions needed to transform resources into prosperity.
He said no nation, company or institution could maximise the value of its energy resources in isolation.
“Collaboration has become imperative in an increasingly interconnected global energy landscape,” he said.
Reflecting on NNPC Limited’s transformation journey, Ojulari recalled that at the 2025 edition of the conference, he had emphasised rebuilding trust, restoring accountability and creating value.
According to him, the company’s commitment to performance, transparency and accountability remains unwavering.
He, however, said events over the past year had reinforced the importance of partnerships in achieving sustainable energy development.
“The defining challenge facing Africa today is not a shortage of hydrocarbons; it is not a shortage of talent, and it is not a shortage of opportunity.
“It is the persistent fragmentation of the ecosystem required to convert resources into prosperity,” Ojulari said.
He said successful energy economies depended on effective collaboration among governments, national oil companies, investors, operators, regulators, financial institutions, technology providers, research institutions and host communities.
The NNPC Limited GCEO noted that weaknesses in any part of the value chain could delay investments and stall projects, leaving resource-rich nations unable to realise their full economic potential.
Ojulari said recent geopolitical tensions in the Middle East and disruptions to global shipping routes had further highlighted the importance of energy security and resilient partnerships.
According to him, the global energy system is undergoing significant changes, with evolving supply chains, shifting trade flows, rapid technological advancement and increasingly selective capital.
“The winners of the next energy era will not necessarily be those with the largest reserves.
“They will be those who can build the most effective partnerships and the most resilient ecosystems around those reserves,” he said.
Ojulari said Africa possessed about 17 per cent of global natural gas reserves, substantial oil resources, abundant renewable energy potential and a youthful population capable of driving future growth.
He, however, lamented that the continent continued to attract only a small share of global energy investment.
He called for a shift from transactional relationships to strategic partnerships, integrated value chains and industrialisation driven by Africa’s energy resources.
Speaking on Nigeria’s priorities, Ojulari advocated deeper collaboration among NNPC Limited international oil companies, indigenous operators, financial institutions, regulators, technology firms, universities and local service providers.
He also stressed the need for stable and transparent regulatory frameworks, stronger research-industry linkages and accelerated development of indigenous technical capacity.
According to him, NNPC Limited’s transformation agenda is anchored on building partnerships across the energy value chain.
He said the company’s production growth, gas monetisation, refining ambitions and energy transition plans all depended on collaboration with technical partners, financiers, researchers, infrastructure developers and technology providers.
“We increasingly view NNPC Limited not merely as an energy producer but as an ecosystem builder, connecting capital, technology, policy, talent and markets to create lasting value for Nigeria and Africa.”
Ojulari said Africa’s future would depend not only on the resources beneath its soil but on the quality of the partnerships forged across the continent and beyond.
He envisioned an Africa where energy resources drive industrialisation, gas powers homes and industries, innovation fuels economic growth and the continent emerges as a global hub for energy investment, technology and manufacturing.
“The opportunity before us is extraordinary. The responsibility is ours and the time to act is now.
“Together, through purposeful collaboration, bold leadership and shared commitment, we can reshape not only the future of Nigeria’s energy industry but the future of African prosperity itself,” he added.
Credit NAN: Texts excluding Headline
