The Nigerian National Petroleum Company Limited has said recent reforms in the oil and gas sector have unlocked over $24bn in fresh investments, with an additional $10bn currently in the pipeline, as the country intensifies efforts to achieve its three million barrels per day production target.
The Group Chief Executive Officer of NNPC Ltd, Bayo Ojulari, disclosed this on Thursday at the 2026 Oloibiri Lecture and Energy Forum held in Abuja, where industry leaders converged to chart the future of Nigeria’s upstream sector.
The lecture, in its 26th edition, was themed: “Beyond the Three Million Barrels Target: Harmonising Digitalisation, Capital and Policy Frameworks for Intelligent Operations and Asset Optimisation.” Organised by the Society of Petroleum Engineers, OLEF gathers policymakers, industry leaders, and academics to foster innovation and growth.