As Engr. Bashir Bayo Ojulari clocks 100 days as Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), the company has released a performance summary highlighting progress in critical sectors including production, infrastructure, clean energy, and governance.
Ojulari, who was appointed on April 2, 2025, by President Bola Tinubu, took over from Mele Kyari amid a broader reform of the national oil firm’s leadership. The company’s public statement on Wednesday portrayed his short time in office as a period of strategic realignment and visible results.
In its report, NNPCL credited the new leadership with consolidating upstream partnerships, boosting oil and gas output, and ensuring full pipeline availability—an achievement seen as vital for maintaining consistent revenue.
Operational discipline has also been a focus. The company noted that it had trimmed inefficiencies, improved cost control, and made deliberate moves to cut down on underperforming ventures. “Every Naira must count,” the company said, emphasizing its renewed focus on profitability.
In the refining sector, Ojulari’s team is pursuing ongoing reviews aimed at reviving Nigeria’s refining capacity. While the future of the state-owned refineries remains under evaluation, the possibility of asset sales is reportedly not ruled out.
Energy transition has featured prominently in the company’s activities. Under Ojulari’s watch, NNPCL donated 35 compressed natural gas (CNG) buses to support the federal government’s push for cleaner transport. “The roads are talking—CNG is the future,” the report stated.
Infrastructure development has also gained traction. The company recently completed the River Niger crossing segment of the Ajaokuta–Kaduna–Kano (AKK) gas pipeline, a key milestone in Nigeria’s bid to enhance domestic gas distribution.
The GCEO has also restarted the company’s financial disclosures, which had been dormant since 2021. According to the latest monthly operational summary, NNPCL posted a Profit After Tax of ₦905 billion in June 2025 and remitted ₦6.96 trillion to the Federation Account between January and May.
Internally, the company says it is driving a culture shift by improving staff welfare, closing benefit gaps, and promoting merit-based progression in line with the Petroleum Industry Act.
While many challenges remain, NNPCL’s leadership maintains that the direction is clear. “We are fixing the engine while moving,” the statement read—signaling that transformation, though ongoing, is already underway.
