Nigeria’s state-owned energy company, NNPC Limited, has called for stronger African-led financing mechanisms and commercially viable payment systems to unlock the continent’s vast gas resources and drive energy security, industrialisation, and economic growth.
Speaking at the ongoing Africa CEO Forum in Kigali, the Executive Vice President, Gas, Power and New Energy at NNPC Ltd, Olalekan Ogunleye, joined global industry leaders at the African Oil and Gas Coalition’s Strategic Roundtable to deliberate on the theme, “Gas without Cash: Breaking the African Monetisation Deadlock.”
Ogunleye stressed that reliable payment performance remains critical to sustainable gas commercialisation across Africa, noting that the continent must move beyond identifying challenges to implementing practical and 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.
“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,” Ogunleye stated.
He further advocated a pragmatic, value-chain-driven strategy for developing Africa’s oil and gas industry, emphasising the need for investment structures that support long-term sustainability and regional energy integration.
The Africa CEO Forum convenes top business executives, policymakers, and investors from across Africa and international markets to promote partnerships, investment opportunities, and policy alignment aimed at accelerating sustainable economic growth across the continent.
