NNPC calls for stronger African -led financing frameworks ,to unlock vast gas resources
Kola Oyelere Kano
The Nigerian National Petroleum Company Limited (NNPC Ltd) has called for stronger African-led financing frameworks and commercially viable payment systems to unlock the continent’s vast gas resources and drive energy security and industrial development.
The call was made by the Executive Vice President, Gas, Power and New Energy at NNPC Limited, Olalekan Ogunleye, during the ongoing Africa CEO Forum in Kigali
.
Speaking at the African Oil and Gas Coalition’s Strategic Roundtable on the theme, “Gas without Cash: Breaking the African Monetisation Deadlock,” Ogunleye stressed that reliable payment systems remained essential for sustainable gas commercialisation across the continent.
He said Africa must move beyond discussions of challenges and focus on practical and bankable solutions tailored to the continent’s realities.
According to him, Nigeria is adopting a comprehensive value-chain approach to the oil and gas business in a bid to position itself as a major energy hub in Africa.
“Nigeria is taking a comprehensive value-chain approach to the oil and gas business. For Africa to fully unlock its gas potential, we must move from conversations about challenges to building practical, bankable solutions that work within African realities,” Ogunleye said.
The forum, themed “Scale or Fail: Why Africa Must Embrace Shared Ownership,” brought together top business executives, policymakers and investors from across Africa and international markets to discuss regional integration, investment mobilisation and sustainable growth strategies.
The gathering also focused on strengthening partnerships and aligning policies aimed at accelerating economic development and energy investments across the continent.