NNPC announces strategic alliances for growth in Nigeria’s Oil sector

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has announced that establishing robust strategic partnerships is essential for achieving significant growth, sustainability, and profitability in Nigeria’s downstream petroleum industry.

During the 2025 Inaugural Annual Downstream Petroleum Week at the National Assembly Complex, Group CEO Engr. Bashir Bayo Ojulari, represented by Executive Vice President, Downstream, Mr. Mumuni Dagazau, stated that Nigeria’s downstream sector is entering a “new era of transition, opportunity, and reform.” He highlighted that collaboration among stakeholders will be crucial for the country’s energy future.

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Ojulari pointed out that as Africa’s energy demand is expected to rise sharply, Nigeria must take the initiative by forming partnerships throughout the value chain, including supply and infrastructure co-investments, community engagement, and security collaborations.

“The chance to build a sustainable economy for both the present and future depends on supply partnerships, infrastructure co-investments, security collaborations, community cooperation, and operational alliances,” he said.

He reiterated NNPC Ltd.’s dedication to ensuring fuel availability, competitive pricing, and high-quality standards across the country, while praising the National Assembly and the House Committee on Petroleum Resources (Downstream) for their leadership in organizing the strategic forum.

The event, titled “Celebrating Our Successes, Confronting Our Challenges, and Finding Solutions for the Petroleum Downstream Sector,” brought together key industry stakeholders and lawmakers to establish a new direction for Nigeria’s energy transition.