Mkpoikana Udoma
Port Harcourt — The Nigerian National Petroleum Company Limited, NNPC Ltd., has set an ambitious target to attract $60 billion in investments by 2030, as part of its bold plan to drive sustainability, energy security, and growth across Nigeria’s upstream sector.
This was announced by Olanrewaju Igandan, Head of Joint Venture Investment Management at NNPC Upstream Investment Management Services, NUIMS, during a panel session at the just concluded Nigeria Annual International Conference and Exhibition, NAICE 2025, of the Society of Petroleum Engineers, SPE, in Lagos.
Igandan spoke on the theme, “Governance and Structuring Human Resources Strategies for a Sustainable Energy Future,”
He said NNPC Ltd. was deploying robust governance structures and forward-looking human capital strategies to position Nigeria as a destination for responsible and scalable energy investments.
“In the next five years, we have a very bold ambition to hit three million barrels per day, 12 billion standard cubic feet of gas, and attract about 60 billion dollars of investment by 2030,” he said.
He noted that the company’s strategic priorities are rooted in sustainability and guided by Environmental, Social and Governance, ESG, principles, key considerations that are now critical for global capital access.
“NNPC’s motto is ‘energy for today, energy for tomorrow’, and that aptly captures the essence of sustainability. Without ESG compliance, you will have challenges accessing capital.”
The NUIMS executive emphasized that talent development, governance, and investment alignment are central to achieving NNPC’s targets, adding that the Company was committed to building a resilient, inclusive, and competitive energy future.
NAICE 2025, a flagship event of the SPE Nigeria Council, gathered top executives, regulators, engineers, and policymakers from across the global energy value chain, offering a platform to deliberate on innovations, best practices, and industry outlooks.
