Monday, November 3, 2025 - The federal government has unveiled an ambitious roadmap to raise crude oil production to 3 million barrels per day and expand natural gas output to 12 billion cubic feet daily by 2030 in its renewed drive toward energy self-sufficiency and industrial growth.
The
commitment emerged from far-reaching resolutions at the NOG Energy Week 2025,
held Abuja, where over 6,000 energy professionals, 250 exhibitors, and 125
speakers converged to chart the nation’s energy future.
Country
Director of dmg Nigeria events and Portfolio Director, Energy, Wemimo Oyelana,
described the 2025 edition as a turning point for the industry, bridging the
long-standing gap between government policy and private sector execution.
“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,” Oyelana said. “This platform continues
to serve as a roadmap toward measurable progress in achieving energy security
and economic prosperity.”
The Group
Chief Executive Officer of NNPC Limited, Engr. Bashir Bayo Ojulari, highlighted
major investment inflows and operational milestones that underscore Nigeria’s
renewed momentum.
“Nigeria attracted $17 billion in new energy investments in
2024, with projections of $30 billion by 2027 and $60 billion by 2030,” Ojulari
disclosed. “All major crude oil pipelines achieved 100 per cent availability in
June 2025, while the AKK Gas Pipeline’s River Niger crossing was successfully
completed — bringing the project closer to commissioning later this year.”
He added that these milestones reflect a coordinated
strategy to stabilise output, restore investor confidence, and unlock the full
value of Nigeria’s hydrocarbon resources.
On local capacity, Executive Secretary of the Nigerian
Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe,
stressed that no country can attain true energy sufficiency without empowering
its domestic workforce and enterprises.
“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,” Ogbe said.
The conference spotlighted the rise of indigenous oil
producers following international oil companies’ divestments. Participants
agreed that Nigerian operators now possess the technical know-how and
regulatory confidence, under the Petroleum Industry Act (PIA), to sustain
production growth and manage key assets effectively.
Nigeria’s massive gas potential — estimated at over 200 trillion cubic feet of proven reserves — also dominated discussions. Experts emphasized the need to prioritise gas monetisation, infrastructure development, and domestic consumption.
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