NNPC Ltd. Reaffirms Commitment to Energy Transition at Brazil-Nigeria Business Forum

Brasilia, Brazil — On Monday, August 25, 2025, the Executive Vice President, Upstream, of the Nigerian National Petroleum Company Limited (NNPC Ltd.), Mr. Udy Ntia, joined other panelists at the New Industries and Energy Transition Session of the Brazil-Nigeria Bilateral Business Forum, held on the sidelines of President Bola Ahmed Tinubu’s State Visit to Brazil.

In his remarks, Mr. Ntia underscored NNPC Ltd.’s alignment with presidential directives on production and investment targets for 2027 and 2030, reiterating the company’s year-end production goals and ongoing efforts in the areas of energy transition and decarbonisation. He also highlighted Nigeria’s vast untapped gas reserves and reaffirmed the country’s readiness for business partnerships.

The forum, themed “Partnerships for Development,” brought together policymakers, business leaders, and investors from both countries to consolidate progress from previous editions and translate them into concrete actions. Discussions focused on food security, energy transition, health innovation, and financing.

The high-level event was attended by key dignitaries, including Honourable Ministers Wale Edun (Finance and Coordinating Minister of the Economy), Jumoke Oduwole (Industry, Trade and Investment), Festus Keyamo (Aviation and Aerospace Development), and Central Bank Governor, Yemi Cardoso. Closing remarks were delivered by President Bola Ahmed Tinubu, GCFR.

NNPC Ltd. reiterated its commitment to advancing sustainable energy solutions through strategic international collaborations and expressed optimism that the forum’s outcomes will strengthen Brazil-Nigeria relations for mutual prosperity.