“In 2025 alone, 43 new Field Development Plans (FDPs) were approved, unlocking 1.7 billion barrels of oil and 7.7 trillion cubic feet of gas, backed by over $20bn in committed capital,” he stated.

Once approved with a Power Purchase Agreement (PPA) and secure eligibility status, customers benefit from flexible pricing, negotiated energy tariffs, and improved supply reliability.

Group Chief Executive Officer of NNPC Ltd, Engr. Bashir Bayo Ojulari, made the call at the “Energy Talk” session of the ongoing Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC 2025) taking place in Abu Dhabi, United Arab Emirates (UAE), on Tuesday.

Delivering a keynote address at the 12th edition of the Nigeria Energy Exhibition in Lagos, Adelabu reaffirmed the Federal Government’s commitment to implementing the Act and deepening private sector participation in the power industry.

The anniversary celebration will reflect on the Commission’s remarkable journey — from its formative years and the early challenges of establishing a functional regulatory framework, through the unbundling and privatisation of the power sector, to its ongoing oversight of the Nigerian Electricity Market from the post-privatisation era through to the Transition Electricity Market phase.