In a bid to strengthen collaboration on energy infrastructure development across the continent, the Group Chief Executive Officer of NNPC Limited, Mr. Bayo Ojulari, on Monday received a high-level delegation from the Africa Finance Corporation (AFC) at the NNPC Towers in Abuja.
The courtesy visit provided an opportunity for both institutions to reaffirm their shared commitment to advancing Africa’s energy security through strategic financing, technical partnership, and innovative project development. Discussions at the meeting revolved around aligning mutual interests in infrastructure investment, particularly in areas such as gas development, energy transition, and industrialisation.
Mr. Ojulari, who recently assumed office as GCEO of NNPC Ltd, welcomed the AFC team and praised the corporation’s pivotal role in financing major infrastructure projects across Africa. He emphasized NNPC Ltd’s readiness to collaborate with reputable institutions like AFC to unlock the country’s vast energy potential and deliver value to Nigerians.
“We see AFC not just as a financial institution, but as a strategic partner with a deep understanding of Africa’s infrastructure needs,” Ojulari said. “As we reposition NNPC Ltd to operate as a commercially driven entity under the Petroleum Industry Act (PIA), partnerships like this are crucial to driving growth and sustainability in Nigeria’s energy sector.”
Leading the AFC delegation was its President and CEO, who commended NNPC’s evolving role in the continent’s energy landscape. He noted that AFC remains committed to working with institutions that drive transformative infrastructure and are aligned with Africa’s long-term development goals.
The visit comes amid renewed efforts by NNPC Ltd to engage development finance institutions (DFIs) and private sector players in supporting Nigeria’s energy expansion strategy, which includes ramping up domestic gas utilisation, improving refining capacity, and investing in cleaner energy sources.
Both parties agreed to continue technical-level engagements in the coming weeks to identify immediate areas for joint action, while exploring long-term initiatives that support Nigeria’s industrialisation agenda.
The meeting concluded with a mutual expression of interest in deepening cooperation for the benefit of Nigeria and the broader African continent.
