The Nigerian National Petroleum Company Limited (NNPC Ltd) has set an ambitious target to boost Nigeria’s oil and gas output significantly by 2030, aiming for three million barrels of crude oil per day and 12 billion standard cubic feet of gas. The projection was revealed by Olanrewaju Igandan, Head of Joint Venture Investment Management at NNPC Upstream Investment Management Services (NUIMS), during the 2025 SPE Nigeria Annual International Conference and Exhibition (NAICE) held in Lagos.
Speaking on the third day of the energy-focused event during Panel Session 2, which was themed “Governance and Structuring Human Resources Strategies for a Sustainable Energy Future,” Igandan delivered a powerful message on aligning investment goals with sustainability and global energy transition goals. He emphasized that NNPC’s operating mantra, “Energy for today, energy for tomorrow,” underscores the company’s commitment to long-term, responsible growth.
Igandan stated that the company is not just focusing on energy production numbers but also on environmental, social, and governance (ESG) principles as a cornerstone of its operations. He noted that ESG compliance is now crucial for attracting global capital, warning that “without ESG compliance, you will have challenges accessing capital.”
According to him, NNPC Ltd. is committed to securing approximately $60 billion in investment within the next five years as part of its strategy to scale up production and reinforce Nigeria’s position as a global energy player. He described the company’s roadmap as both visionary and achievable, provided that the right partnerships, funding, and human capital strategies are in place.
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Igandan’s comments reflect NNPC Ltd.’s broader vision of building a resilient, inclusive, and future-ready energy sector. By leveraging innovation, structured governance, and a skilled workforce, the company seeks to lead Nigeria’s transition to a sustainable energy future, aligning with international expectations and climate goals.
His remarks come at a time when the global oil and gas industry faces mounting pressure to reduce emissions and embrace clean energy alternatives. NNPC’s forward-looking strategy places Nigeria among the few African nations positioning themselves for relevance in a rapidly changing global energy landscape.
As NAICE 2025 continues to attract top energy stakeholders from across the continent and beyond, the focus remains on driving solutions that are not only profitable but also environmentally and socially responsible.
