Says, competition alone was no longer enough to drive efficiency, adding that operators must embrace collaboration, sustainability, and resilience as the new benchmarks for success.
Renown energy expert and Head of Nigeria’s National Petroleum Company Ltd (NNPCL), Bayo Ojulari says his leadership is currently preoccupied with revamping facilities in the nation’s oil and gas downstream sector.
He emphasised that such a move was required to enhance collaboration and drive efficiency in the sector.
The NNPCL Group Chief Executive Officer (GCEO), stated this at the opening ceremony of the 2025 OTL Africa Downstream Energy Week in Lagos on Monday.
Engr Ojulari made the disclosure while speaking in alignment with the conference’s theme “Energy Sustainability: Beyond Boundaries & Competition.”
Doubling down on NNPCL’s current growth and rebranding focus under his leadership, Mr. Ojulari said competition alone was no longer enough to drive efficiency, adding that operators must embrace collaboration, sustainability, and resilience as the new benchmarks for success.
“At NNPC, we are committed to deploying additional infrastructure across the oil
and gas value chain while revamping our existing downstream infrastructure
nationwide.
These assets will be accessible to partners seeking to store and
transport products, supporting strategic alliances and collaboration in the
downstream sector,” the GCEO said.
Excerpts of Mr. Ojulari’s presentation was made available to Nigerian Anchor in a statement under the signature of NNPCL Chief Communication Officer (CCCO), Mr. Andrew Odeh.
In the statement, Mr. Ojulari was reported to have disclosed that a cocktail of factors ranging from strategic policies and fiscal incentives to transparent and well-structured regulatory frameworks exemplified by the PIA have engendered expansion and growth in the sector requiring new skill sets and further investments in new lines of business such as Liquefied Petroleum Gas (LPG), Compressed Natural Gas (CNG), and mini-LNG projects.
The GCEO also urged participants at the conference to discuss challenges and align on opportunities “to redefine energy systems in ways that are both profitable and
sustainable, to forge cross-sector partnerships that transcend traditional
competition, and to explore innovative business models and technologies that
support decarbonization while driving economic value”.
Nigerian Anchor reports that the OTL Africa Downstream Energy Week is the continent’s leading downstream and midstream energy event for international organizations, policy makers, and regulators.
It is also focused to benefit development organisations, operators, service providers., and consumers in the downstream energy value-chain.
