By Ayomide Otitoju
The Nigerian National Petroleum Company Limited (NNPC Ltd.) on Monday announced a partnership with the African Export-Import Bank (Afreximbank) aimed at advancing energy development across Africa.
In a statement, NNPC Ltd. said the collaboration was discussed during a meeting last week between its Group Chief Executive Officer, Engr. Bashir Ojulari, and the President and Chairman of the Board of Directors of Afreximbank, Dr. George Elombi, at the NNPC Towers in Abuja.
The company said it outlined its strategic direction under its Enterprise First framework, positioning NNPC Ltd. as a high-performance “Partner of Choice” focused on execution and profitable growth.
According to the statement, both parties agreed on a shared agenda to drive continental energy development and industrialisation, with plans to hold regular strategic sessions. The first session is expected to take place later this year.
NNPC Ltd. also said discussions focused on the proposed African Energy Bank, which will be headquartered in Abuja, with the company reaffirming its readiness to deepen investment in the initiative.
Afreximbank, the statement added, pledged continued support for NNPC Ltd.’s growth through risk-sharing arrangements, structured financing, and refinancing initiatives targeted at developing Nigeria’s oil and gas resources.
