The Nigerian National Petroleum Company Limited (NNPCL) has called on African countries to strengthen financing structures and improve payment systems to unlock the continent’s vast gas potential and drive sustainable energy growth.
Speaking at a strategic roundtable organised by the African Oil and Gas Coalition at on the sideline of the just concluded Africa CEO Forum in Kigali, Rwanda, NNPCL Executive Vice President, Gas, Power & New Energy, Olalekan Ogunleye said Africa must focus on building practical and bankable solutions to address longstanding challenges in gas monetisation.
The session, themed ‘Gas without Cash: Breaking the African Monetisation Deadlock,’ brought together energy executives and policymakers to explore how the continent can attract more investment into its gas sector.
According to a statement on the company’s official X handle, Ogunleye said Africa’s gas resources remain underutilised due to weak financing structures and payment challenges, stressing that reliable cash flow systems are critical for attracting long-term capital.
He called for stronger African-led financial frameworks that reflect local market realities and support sustainable development across the energy value chain.
“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 said.
