Reported by: Ime Richard Aondofa | Edited by: Henry Owen
At the ongoing African Energy Week (AEW) in Cape Town, South Africa, the Executive Vice President, Upstream, NNPC Ltd., Mr. Udy Ntia, joined energy leaders, investors, and policymakers on the high-profile “Invest in Nigeria” panel, highlighting strategic opportunities in the nation’s upstream sector. The session brought together continental stakeholders to explore avenues for attracting capital, unlocking untapped reserves, and driving sustainable growth under the Petroleum Industry Act.
In his address, Mr. Ntia emphasized that NNPC Ltd. is committed to fostering partnerships, promoting transparency, and creating a conducive investment environment for both domestic and international stakeholders. He stressed that collaboration between the government, private sector, and technical experts is critical for maximizing Nigeria’s hydrocarbon potential and achieving long-term energy security. “Our aim is to ensure that Nigeria not only remains a key player in Africa’s energy sector but also sets benchmarks for sustainable upstream development,” he noted.
The panel also addressed investment-friendly frameworks introduced under the Petroleum Industry Act, emphasizing incentives for exploration, production, and technological adoption in oil and gas projects. Mr. Ntia highlighted that NNPC Ltd. continues to implement reforms that simplify business operations, attract foreign and local investment, and encourage innovation within the upstream sector.
NNPC Ltd.’s engagement at AEW demonstrates its alignment with the African Energy Transition Roadmap, reflecting the company’s commitment to leveraging technical expertise, mobilizing capital, and delivering short, medium, and long-term solutions for a resilient energy future. The discussions underscored the importance of balancing traditional hydrocarbon development with sustainability goals, ensuring that energy expansion contributes to economic growth, job creation, and environmental stewardship.
By participating in AEW, NNPC Ltd. reinforced Nigeria’s position as a premier investment destination in Africa’s evolving energy landscape, while contributing meaningfully to the continent’s energy transformation agenda.
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