NNPC reveals strategy to draw $30 billion in investments by 2027.

The Nigerian National Petroleum Company Limited (NNPCL) has outlined an ambitious plan to secure $30 billion in investments by 2027 and $60 billion by 2030. This was announced by Group Chief Executive Officer Bayo Ojulari during a staff townhall meeting at the NNPC Towers in Abuja.

In a press release by Chief Corporate Communications Officer Olufemi Soneye, Ojulari detailed key goals under his leadership, including raising oil production to over two million barrels per day by 2027 and three million by 2030, expanding refining capacity to 200,000 barrels daily by 2027 and 500,000 by 2030, and increasing gas output to 10 billion cubic feet daily by 2027 and 12 billion by 2030. He also emphasized improving energy access and affordability for Nigerians.

To achieve these targets, the company will restructure for agility, conduct independent value assessments, implement a robust performance framework, and form transparent partnerships. Ojulari stressed that these goals go beyond numbers—they represent hope, economic development, and energy security.

Describing NNPCL as a modern and future-ready organization, he urged staff to embrace the transformation and commit to transparency, accountability, and innovation. He promised a work environment where both experienced and young professionals can thrive, and pledged deeper engagement with employee unions to build trust and collaboration.

Highlighting the value of the workforce, Ojulari said the company’s success depends on empowered employees and a high-performance culture. He reaffirmed his commitment to making NNPCL a world-class energy company that Nigerians can be proud of, stating that the time has come to deliver on the promise of transformation and shape Nigeria’s energy future.

FAITH MIMDOO KEGH

Manager – Oversees the daily operations, editorial planning, and strategic direction of the platform. A graduate with a solid academic foundation in media and communication, Faith brings a wealth of experience to the TokinPoint.

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