Nigeria’s upstream oil and gas sector has attracted over $24 billion in capital investment following targeted interventions by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the Group Chief Executive Officer of Nigeria National Petroleum Company Limited (NNPCL), Engr. Bashir Bayo Ojulari has said.

He spoke at the recent 2026 Oloibiri Lecture & Energy Forum (OLEF 2026) in Port Harcourt, where he credited reforms addressing legacy asset disputes and unlocking stalled Final Investment Decisions.

The theme of the lecture, “Beyond Three Million Barrels Target: Harmonizing Digitalization, Capital and Policy Frameworks for Intelligent Operations and Asset Optimisation,” brought together an esteemed audience that includes Ministers of Petroleum Resources, Chief Executives of Regulatory Institutions, Leaders of National Oil Companies, and key stakeholders across the value chain.