The Nigerian National Petroleum Company Limited has spotlighted the social and economic impact potential of Nigeria’s vast gas resources during its participation at CERAWeek by S&P Global in Houston, positioning energy development as a key driver of national prosperity and improved livelihoods.
Speaking at the session titled “African Energy Sovereignty: The ‘all-of-the-above’ strategy,” Olugbenga Oluwaniyi, Chief Finance and Investor Relations Officer of NNPC Ltd., emphasized that Nigeria’s energy strategy goes beyond revenue generation to address critical social needs such as job creation, energy access, and economic inclusion.
The panel, moderated by Daniel Evans of S&P Global, also featured Bambo Ibidapo-Obe of Oando Energy Resources and Alcides Andrade of ANPG Angola, who collectively explored how African nations can leverage energy resources for sustainable development.
Oluwaniyi highlighted that Nigeria’s 210 trillion cubic feet of proven gas reserves present a transformative opportunity to expand domestic energy access, power industries, and uplift communities. He described the country as a “gas-rich nation,” noting that prioritizing gas development can help bridge energy gaps, reduce poverty, and support a cleaner transition away from high-emission fuels.
Importantly, he stressed that Nigeria’s adoption of gas as a transition fuel reflects a commitment to a “just and equitable energy transition,” ensuring that climate goals do not come at the expense of economic growth or social stability. This approach, he explained, enables the country to balance environmental responsibility with the urgent need to improve living standards.
Beyond policy, Oluwaniyi pointed to tangible progress in addressing challenges that directly impact communities, including pipeline vandalism. He noted that strengthened community engagement and inclusive security measures have significantly reduced disruptions, fostering safer environments and protecting critical infrastructure.
He further called for increased investment in gas infrastructure, emphasizing that well-structured, bankable projects will not only attract global capital but also create jobs, stimulate local economies, and deliver long-term value across the energy value chain.
NNPC Ltd.’s message at the global forum reinforces a broader vision: that energy development, when managed responsibly, can serve as a powerful tool for social impact—driving inclusive growth, empowering communities, and securing a more sustainable future for Nigeria and the African continent.