NNPC CEO Promotes Africa-Wide Refining Strategy to Boost Energy Security

A strong foundation for an independent refining ecosystem in Africa has been laid by the Nigeria National Petroleum Company Limited (NNPCl), which has reaffirmed its commitment to removing structural barriers.

Its Group Chief Executive Officer, Engr. Bayo Ojulari, revealed this at a keynote speech titled “Building an African Refinery Hub” at the Transcorp Hilton in Abuja, which was part of the Global Community Insights Conference on the West Africa Refined Fuel Market.

By means of strategic refinery review and repositioning, strategic equity in the Dangote Refinery, condensate potential, and assistance for other third-party projects, NNPC Ltd. may initiate Africa’s transition into a refining hub, he said.

“NNPC Ltd stands ready,” he added. willing to work together to develop, finance, and guide the establishment of an inclusive, robust, and internationally competitive African refining environment.

According to him, the establishment of a credible African reference market that ensures energy security, lessens reliance on imports, and fuels Africa’s industrial ambitions depends on infrastructure integration, indigenous ownership, and policy harmonization—all of which continue to be crucial forces behind downstream transformation.

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He also gave the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) credit for planning the event and promoting the discussion that will help Africa achieve energy independence.

He urged the refining industry’s players to go from making promises to actually delivering them, from having national aspirations to carrying them out locally, and from fragmented development to fundamental change.

He declared: “Let’s construct a new backbone for Africa’s industrial age, not simply refineries. Let’s polish not just the rough but the continent’s future. Let us act in a way that reflects not only the requirements of the present but also the long-term goals of future generations.