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The Nigerian National Petroleum Company Limited on Friday called on African countries to strengthen gas financing and payment systems at the Africa CEO Forum in Kigali, Rwanda, saying weak funding structures are limiting investment and gas development across the continent.
Speaking at a roundtable organised by the African Oil and Gas Coalition, NNPC’s Executive Vice President, Gas, Power and New Energy, Olalekan Ogunleye, said Africa must adopt practical and bankable solutions to unlock its vast gas potential.
He said poor payment performance and weak financing frameworks continue to discourage long-term investment in large-scale gas projects across Africa.
“For Africa to fully unlock its gas potential, we must move from conversations about challenges to building practical, bankable solutions,” Ogunleye said.
He added that Nigeria is pursuing a value-chain approach to strengthen commercial viability and position itself as a regional energy hub.
