Mkpoikana Udoma
Port Harcourt — The Nigerian National Petroleum Company Limited, NNPC Ltd., has restated its commitment to attracting investments and strengthening partnerships to unlock Nigeria’s vast upstream opportunities.
Speaking at the NOC/IOC Business Roundtable co-hosted with the African Energy Chamber, NNPC Ltd.’s Executive Vice President, Upstream, Mr. Udy Ntia, said the corporation was determined to drive collaborations that would boost trade, mobilize financing, and accelerate infrastructure development across the continent.
Ntia spoke at the recently concludes African Energy Week in Cape Town, South Africa.
“This roundtable demonstrates the importance of aligning national and international oil companies with investors and policymakers to address the shared challenges of financing, energy transition, and long-term energy security. For us at NNPC Ltd., partnerships are not just about business deals, but about creating mutual value and ensuring sustainable growth for Nigeria and Africa,” Ntia stated.
The session drew participation from senior government officials, industry leaders, and executives from international oil companies, who deliberated on how African countries can better position themselves to attract capital for upstream activities.
On the sidelines of the roundtable, Ntia also featured on the “Invest in Nigeria” panel, where he outlined the opportunities Nigeria presents for investors under the Petroleum Industry Act, PIA.
“The PIA has provided clarity, stability, and a competitive fiscal framework for upstream investments. We want investors to know that Nigeria is open for business, and NNPC Ltd. will continue to provide the leadership needed to deliver energy projects that power development, create jobs, and ensure economic prosperity,” he told participants.
He further emphasized the company’s alignment with Africa’s energy transition roadmap, stressing the need for collaboration to balance growing energy demand with climate goals.
“Africa cannot afford an abrupt or disorderly transition. Our focus is on practical, balanced solutions, unlocking our hydrocarbon potential, while investing in cleaner technologies and innovations that will secure energy today and sustain prosperity tomorrow,” Ntia said.
Nigeria’s upstream sector, despite challenges of underinvestment, security, and infrastructure deficits, remains one of the most attractive destinations for new oil and gas capital in Africa.
“We see AEW as a platform to showcase Nigeria’s opportunities, build trust with investors, and reinforce our position as the partner of choice in Africa’s energy story,” Ntia concluded.
