The President Bola Tinubu-led Federal Government has unveiled an ambitious action plan to boost crude oil production to three million barrels per day and expand gas output to 12 billion cubic feet daily by 2030.
This followed far-reaching resolutions adopted at the NOG Energy Week 2025 in Abuja.
The conference, held at the Bola Ahmed Tinubu International Conference Centre, brought together over 6000 energy professionals, 250 exhibiting companies, and over 125 expert speakers from across the globe. It provided a platform for government officials, industry executives, and investors to forge partnerships aimed at strengthening local capacity and driving the country’s energy independence.
Country Director of dmg Nigeria events and Portfolio Director, Energy, Wemimo Oyelana, described this year’s edition as a defining moment for the sector, noting that it bridged the long-standing gap between government policies and industry capability.
Oyelana said: “The discussions around the ‘Nigeria First’ policy, indigenous operator capacity, and technological advancement have birthed actionable strategies that will define our energy sector’s trajectory. This platform continues to serve as a roadmap toward measurable progress in achieving energy security and economic prosperity.”
Group Chief Executive Officer of NNPC Limited, Engr. Bashir Bayo Ojulari, highlighted the country’s significant strides in attracting investment and improving operational efficiency.
He disclosed that Nigeria secured $17 billion in new energy investments in 2024, with projections of $30 billion by 2027 and $60 billion by 2030. Ojulari also announced that all major crude oil pipelines recorded 100 per cent availability in June 2025, alongside the successful completion of the AKK Gas Pipeline’s River Niger crossing, which brings the project closer to commissioning in the last quarter of the year.
Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, stressed the need to build energy capacity from within, saying that no nation could achieve energy sufficiency without deepening local participation.
He said: “By strengthening local capacity across exploration, production, processing, and delivery, we can retain more value, create jobs, and take meaningful steps toward a self-reliant energy future.”
The conference also spotlighted the growing dominance of indigenous operators following the completion of international oil companies’ divestments.
Participants observed that local players now possess the technical expertise and regulatory confidence, under the Petroleum Industry Act, to optimise newly acquired assets and sustain production growth.
Nigeria’s gas potential was another major focus of the discussions. With over 200 trillion cubic feet of proven natural gas reserves, stakeholders emphasised the importance of gas monetisation, infrastructure expansion, and domestic utilisation.
Notable projects such as the Nigeria–Equatorial Guinea Gas Pipeline and the activation of the Midstream and Downstream Gas Infrastructure Fund were cited as critical steps toward industrialisation, power generation, and increased LPG adoption.
Technology integration and human capital development also featured prominently. Speakers urged the transition from technology adoption to domestication, stressing the need for innovation-driven partnerships between research institutions and operators. They also called for standardised training programmes and practical exposure for young engineers to build a skilled workforce that can sustain future operations.
Organised by dmg Nigeria events in partnership with NNPC Limited and other strategic industry players, NOG Energy Week 2025 reaffirmed its place as West Africa’s leading energy industry platform. The gathering produced strategic directions and measurable commitments expected to accelerate Nigeria’s drive toward energy abundance and sustainable economic growth.
Credit: thenationonlineng.net
