Nigeria’s downstream oil and gas sector is entering a new growth phase driven by deregulation, foreign exchange reforms, and stronger industry collaboration.
This is according to NNPC Ltd’s Executive Vice President for Downstream, Mumuni Dagazau, who was speaking at the Africa Downstream Energy Week in Lagos. Mr Dagazau said recent policies were fostering integration, investment, and innovation across the energy chain.
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He noted that sustaining momentum required prioritising security, infrastructure, transparency, and clean technology. Frameworks such as the Petroleum Industry Act and incentives for gas and renewable projects, he said, had created a stable environment for investors.
Lagos State Governor Babajide Sanwo-Olu hailed the forum as a catalyst for policy reform and private-sector growth, reaffirming the state’s commitment to sustainable energy and inclusive economic development across sub-Saharan Africa.
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