Dare Babalola
The NNPC Limited has strengthened its collaboration with the African Export-Import Bank in a renewed push to accelerate energy development and industrialisation across the continent.
In a statement shared on its official X page on Monday, NNPC Ltd. disclosed that its Group Chief Executive Officer, Engr. Bashir Bayo Ojulari, recently received the President and Chairman of the Board of Directors of the African Export-Import Bank, George Elombi, at the NNPC Towers in Abuja.
The meeting, according to the company, focused on deepening strategic cooperation under NNPC Ltd.’s Enterprise First framework, which positions the organisation as a high-performance, execution-driven energy company focused on profitability and long-term value creation.
Both parties reportedly agreed on a shared continental agenda aimed at advancing Africa’s energy development and industrialisation goals. They also agreed to institutionalise regular strategic engagements, with the first formal session scheduled to take place later in the year.
A key highlight of the discussions was financing for Africa’s energy future, including plans around the proposed African Energy Bank, which is expected to be headquartered in Abuja.
NNPC Ltd. said it reiterated its readiness to deepen investment participation in the initiative, while Afreximbank reaffirmed its commitment to supporting the company’s growth through risk-sharing mechanisms, structured financing solutions, and refinancing arrangements aimed at expanding Nigeria’s oil and gas sector.
The company described the engagement as part of ongoing efforts to position Nigeria as a central hub for energy financing and development in Africa.
