NNPC Ltd urges global investors to explore Nigeria’s oil and gas sector, citing investor-friendly reforms under President Tinubu. At the 2025 CERAWeek in Houston, EVP Upstream Udy Ntia highlighted the impact of the Petroleum Industry Act 2021 and 2023 Executive Orders, which have liberalized regulations and boosted incentives.
These reforms attracted $16–$17 billion in FDI to Nigeria in 2024.Nigeria is positioning itself as a safe and attractive investment hub, expanding its oil and gas sector to meet global energy demand. At CERAWeek 2025, NNPC Ltd’s EVP Upstream, Udy Ntia, highlighted opportunities in refining and gas, aiming to boost local refining capacity and harness 207 TCF of gas for industrial growth. He noted that despite global energy concerns, Nigeria is leveraging favorable oil prices to attract substantial investments.
NNPC Ltd’s EVP Upstream, Udy Ntia, emphasized gas as key to Nigeria’s energy future, highlighting partnerships with Shell, ENI, and Total, as well as progress on LNG Train 7 and domestic pipelines. He invited investors, especially from China and India, to explore Nigeria’s 37B-barrel crude reserves and flexible investment models. Ntia assured investors of Nigeria’s stable democracy, improved security, and business-friendly regulations.
The session included global industry leaders from CNPC, ONGC Videsh, and Libya’s National Oil Corporation.CERAWeek: a top energy conference in Houston gathering global experts to discuss the future of energy.
