NNPCL, Sahara Group Agree To Improve Energy Access Across Nigeria

Posted on May 20, 2025

Sahara Group, the Pan-Africa energy conglomerate, has entered into a new partnership with Nigeria’s state-owned oil giant, the Nigerian National Petroleum Company Limited (NNPC) to improve energy access for Nigerians nationwide.

The agreement was reached during a recent meeting between Sahara Group team led by the conglomerate co-founder and head honcho, Tope Shonubi, and his executive directors: Moroti Adedoyin-Adeyinka, Kola Adesina, and Walid Ajibade, and NNPC’s Group CEO, Bayo Ojulari at the NNPC Towers in Abuja, Nigeria.

Both sides discussed how closer collaboration could drive progress in Nigeria’s energy sector and help expand the country’s influence in regional and global markets especially in the oil, gas, power, infrastructure and data sectors.

Ojulari, who is spearheading efforts to reposition NNPC as a globally competitive energy company, emphasized the need for partnerships that deliver real value and lasting impact.

Sahara Group’s executives expressed their full support for the initiative, saying the company remains committed to supporting sustainable growth in Africa and beyond.

They both pledged to collaborate on driving growth and development in the energy sector, leveraging their strength and commitment to work together towards promoting a more sustainable energy future.

Founded in 1996 by Shonubi, Tonye Cole, and Ade Odunsi, Sahara Group started as Sahara Energy Resources, focusing on petroleum product trading. Over time, it has grown into one of Nigeria’s leading energy firms, with operations spanning oil production, power generation, and commodities trading.

Under Shonubi’s leadership, the group has diversified its offerings and expanded its footprint across multiple continents.

Today, Sahara Group operates in over 40 countries and has recorded over $10 billion in revenue during its 25-year journey. The company employs more than 4,000 people globally and continues to pursue new projects that align with its long-term growth strategy.

One of its recent moves includes a significant investment in East Africa.

Earlier this year, Asharami Synergy, Sahara Group’s downstream energy subsidiary, secured a contract to build a 30,000-metric-tonne liquefied petroleum gas (LPG) terminal in Mombasa, Kenya.

The project, structured as a 31-year public-private partnership, will be built on a 23.19-acre site leased from Kenya Petroleum Refineries Ltd (KPRL).

Once completed, the terminal is expected to make a meaningful difference in LPG availability and affordability by enabling large-scale imports and improving supply chains for cleaner household energy.

Asharami Synergy’s selection for the project reflects Kenya’s confidence in experienced private-sector players to modernize its fuel infrastructure.

Already licensed under Kenya’s government-to-government procurement scheme, the company manages transactions with major global suppliers including Saudi Aramco, ADNOC, and ENOC.

This project forms part of Sahara Group’s strategy of investing in underutilized infrastructure across Africa and partnering with governments to unlock growth opportunities.

For Shonubi, the Mombasa project is more than an investment —it’s a strategic step in deepening the company’s presence in East Africa, building on existing operations in Ghana, Uganda, and Tanzania.

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

OLALEKAN ONI  Today, the Executive Chairman of Ikeja Local Government, Lagos State, Comrade Akeem... Continue
Chain Reactions Africa yesterday launched its third Youth Trends and Culture Report at The... Continue
Justice Dehinde Dipeolu of the Federal High Court in Lagos has ordered the interim... Continue
The Oyo State Government has approved additional funds for disbursement under its single-digit administrative... Continue
Winners have emerged in the Lagos Has Talent: Climate Edition, an initiative powered by... Continue
FUNSHO AROGUNDADE Frontline businessman and Group Chairman of Heirs Holdings, UBA, Transcorp, Tony O.... Continue
The Executive Chairman of Ojodu LCDA, Lagos State, Hon Segun Odunmbaku, has assured that... Continue
KINGSLEY EBERE  31st July, 2025, will remain a memorable day for the family of... Continue
KINGSLEY EBERE  Police operatives from the X-Squad Unit of the Lagos State Command have... Continue
O’STAR EZE    The Nzukọ Ọdịnani Welfare Association (NOWA) has announced her support for... Continue

UBA


Access Bank

Twitter

Sponsored