Nigeria’s oil output has reached 1.7 million barrels per day, and the Nigerian National Petroleum Company (NNPC) Limited plans to raise production to 2 million barrels per day by 2027 and 3 million barrels in the long term. This announcement was made by Group Chief Executive Officer Engr. Bashir Ojulari at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC 2025) in the United Arab Emirates.
The projected increase is attributed to redefined relationships with international oil companies and independents, the removal of legacy blockers, and a shared‑value alignment. Ojulari stressed NNPC’s commitment to collaborating with peers in the Organization of the Petroleum Exporting Countries, African national oil companies, and financial institutions to attract between $30 billion and $60 billion in fresh investment by 2030. New government incentives beyond the Petroleum Industry Act are already drawing capital for deep‑water exploration, dry‑gas development, and cost reduction.
NNPC Limited is also driving energy sufficiency in Africa, focusing on expanding production, monetising gas, deepening partnerships, and delivering value to Nigerians and global partners. Ojulari highlighted Nigeria’s vast oil, gas, and renewable‑energy potentials, stating that the country is open for business and inviting global stakeholders to co‑invest in Africa’s energy transformation. He called for “pragmatic, not performative” energy policies and underscored the need for $4 trillion in annual global energy investment.
The ADIPEC conference, themed “Energy. Intelligence. Impact,” gathered industry leaders to discuss the future of energy. Ojulari’s announcement reinforces Nigeria’s pivotal role in Africa’s energy landscape, with NNPC Limited at the forefront of the drive for continental energy sufficiency. As the global energy landscape evolves, Nigeria’s commitment to increasing oil production and attracting investment represents a significant step toward meeting the world’s growing energy demands.
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