Can NNPC’s Reforms Make Nigeria Africa’s Next Energy Investment Hub?
Nigeria has vast oil and gas reserves, yet crude theft, pipeline vandalism, policy uncertainty and weak governance have repeatedly limited investment and production. NNPC says its current reforms are aimed at changing that record and positioning the country as a more reliable destination for long-term energy capital. At NOG Energy Week in Abuja, NNPC outlined targets of US$30 billion in oil and gas investments by 2027 and US$60 billion by 2030. The company points to improved pipeline availability, crude production of 1.71 million barrels per day including condensates, and gas output of 7.5 billion standard cubic feet daily as signs of progress. Key gas projects, including the AKK and OB3 pipelines, could strengthen supply to power plants and industries while supporting a gas-based industrial economy. NNPC also reported stronger 2025 financial results, held its first group earnings call and resolved the long-running OPL 245 dispute, steps that could improve transparency and reduce investor concerns. The real test is whether these gains can be sustained. Nigeria will need consistent regulation, secure infrastructure, credible governance and timely project delivery if it is to turn its resource wealth into lasting investment and economic growth.
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