The Nigerian National Petroleum Company Limited (NNPC Ltd) has officially welcomed the appointment of Mr. Bayo Ojulari as the new Group Chief Executive Officer (GCEO) and the reconstitution of its Board of Directors by President Bola Ahmed Tinubu.
In a statement released on April 2, 2025, Chief Corporate Communications Officer Olufemi O. Soneye conveyed the company’s appreciation for the outgoing GCEO, Mr. Mele Kyari, and the former board members for their dedicated service.
The statement highlighted Mr. Kyari’s leadership and tireless efforts, noting that his contributions have left an indelible mark on NNPC Ltd. The company extended best wishes to Mr. Kyari and the departing board members in their future endeavors.
Mr. Ojulari, the newly appointed GCEO, brings extensive experience to his new role. He previously served as the Managing Director of Shell Nigeria Exploration and Production Company (SNEPCo) and was most recently the Chief Operating Officer at Renaissance Africa Energy Co., a consortium that acquired Shell’s former onshore subsidiary in Nigeria. His appointment is part of President Tinubu’s initiative to revitalize Nigeria’s oil sector and enhance the country’s oil production and refining capacities.
The reconstitution of NNPC Ltd’s board includes the appointment of an 11-member team aimed at driving reforms and boosting efficiency in the oil sector.
This move aligns with Nigeria’s objectives to increase oil production to 2 million barrels per day by 2027 and 3 million barrels per day by 2030, alongside higher gas output targets. The new leadership is also tasked with achieving higher refining outputs despite current refinery maintenance issues.
NNPC Ltd’s management and staff expressed confidence in the new leadership’s ability to steer the company toward achieving these ambitious goals and contributing significantly to the nation’s economic growth.
