The Nigerian National Petroleum Company Limited (NNPC) has outlined major achievements under the leadership of its new Group Chief Executive Officer, Engr. Bashir Bayo Ojulari, marking his first 100 days in office.
Ojulari, who was appointed by President Bola Tinubu and assumed office on April 2, 2025, replaced Mele Kyari in a broad restructuring of the NNPC board and executive management.
In a performance review shared across NNPC’s official social media channels on Wednesday, the company described Ojulari’s early tenure as one of “steadfast commitment and forward movement,” citing significant progress in upstream operations, infrastructure development, energy transition, and corporate reforms.
According to the review, Ojulari’s leadership has led to strengthened collaborations with upstream partners, improved oil and gas production, and 100 per cent pipeline availability — an essential factor in securing national revenue streams. Timely cash call payments have also boosted operational stability and partner confidence.
NNPC stated that it is repositioning the company for profitability by targeting inefficiencies and eliminating underperforming operations. “Every Naira must count,” the statement read, as it emphasized a tough stance against waste and value erosion.
Efforts to rehabilitate Nigeria’s long-idle refineries are ongoing, with Ojulari’s team conducting technical and commercial reviews to guide future decisions. While no definitive resolution has been made, the GCEO noted that the sale of state-owned refineries remains a possibility. “All the options are on the table,” he said.
Under Ojulari, the company has opened new funding channels and invested in strategic upstream and midstream infrastructure to support its goal of becoming a fully commercial entity.
A major infrastructure milestone highlighted in the report was the completion of the River Niger Crossing section of the Ajaokuta–Kaduna–Kano (AKK) gas pipeline—deemed critical to Nigeria’s energy security and economic expansion.
NNPC also reaffirmed its commitment to clean energy, referencing the recent donation of 35 compressed natural gas (CNG) buses to the Presidential Initiative on CNG. The initiative, it said, underscores the company’s focus on sustainability, affordability, and innovation.
In a return to greater corporate transparency, NNPC has resumed publishing its Monthly Financial and Operational Reports, which had not been released consistently since 2021. The company reported a profit after tax of ₦905 billion for June 2025, down slightly from ₦1.054 trillion in May. It also disclosed remittances of ₦6.96 trillion to the Federation Account in the first five months of the year.
Internally, Ojulari’s administration is addressing employee welfare by closing benefit gaps, improving work conditions, and fostering a performance-driven corporate culture. “We are reinforcing our commitment to constructive engagement and becoming an employer of choice,” the statement read.
NNPC pledged to continue aligning with the Petroleum Industry Act in deepening commercial reforms and transforming into a globally competitive energy company.
SOURCE: royalnews.com.ng