The Nigerian National Petroleum Company Limited (NNPC Ltd) is partnering with the African ExportImport Bank (Afreximbank) to chart a path for African energy development.

The company in statement yesterday explained that the partnership was discussed when the Group Chief Executive Officer of NNPC Ltd, Engr. Bashir Ojulari, received in audience the President and Chairman of the Board of Directors of the Afreximbank, Dr. George Elombi, at the NNPC Towers, Abuja.

According to the statement, NNPC Ltd.said it set out its direction under the Enterprise First framework, positioning the company as a high-performance Partner of Choice built on execution and profitable growth. It added that afterwards, both leaders agreed on a shared agenda for continental energy development and industrialisation, and to hold regular strategic sessions, the first session scheduled later in the year.

The statement further explained that on financing, the company said it led the discussion on the planned African Energy Bank, to be headquartered in Abuja, and confirmed its readiness to deepen its investment. It added that Afreximbank affirmed its commitment to the company’s growth through risk-sharing, structured financing, and further refinancing to develop Nigeria’s oil and gas resources.