By Ayomide Otitoju
Nigeria’s state-owned energy company, NNPC Limited, has called for stronger African-led financing frameworks and commercially viable payment systems to unlock the continent’s vast gas potential and drive energy security and industrial growth across the region.
Speaking at the ongoing Africa CEO Forum in Kigali, themed “Scale or Fail: Why Africa Must Embrace Shared Ownership,” the Executive Vice President, Gas, Power and New Energy at NNPC Ltd, Olalekan Ogunleye, joined global chief executives at the African Oil and Gas Coalition’s Strategic Roundtable to discuss “Gas without Cash: Breaking the African Monetisation Deadlock.”
Ogunleye stressed that reliable payment performance remains critical to sustainable gas commercialisation across Africa, urging stakeholders to move beyond discussions and focus on practical, bankable solutions tailored to African realities.
According to him, Nigeria is adopting a comprehensive value-chain approach to the oil and gas sector as part of efforts to position the country as a leading energy hub on the continent.
“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,” he said.
The Africa CEO Forum brings together senior business leaders, policymakers, and investors from across Africa and international markets to foster partnerships, investment opportunities, and policy alignment, with discussions centred on regional integration, investment mobilisation, and sustainable growth strategies.
