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Chairpersons

President Tinubu Swears in New NNPCL Board

Strategic Insights

— 1 min read

President Bola Ahmed Tinubu has formally inducted a new board of directors for the Nigerian National Petroleum Company Limited (NNPCL), entrusting Engr. Bashir Bayo Ojulari with the role of Group Chief Executive Officer and Ahmadu Musa Kida as Non-Executive Chairman. The 11-member board comprises prominent figures from diverse geopolitical zones, blending industry expertise with regional representation. The President has pinned key objectives on the new board, including a comprehensive evaluation of NNPCL's portfolio to maximize value, elevating oil production to 2 million barrels daily by 2027 and 3 million daily by 2030, and augmenting crude oil refining output.

Key Takeaways:

  • The new 11-member board of NNPCL is led by Engr. Bashir Bayo Ojulari as Group Chief Executive Officer and Ahmadu Musa Kida as Non-Executive Chairman.
  • The board includes prominent figures such as Babs Omotowa, former Managing Director of the Nigeria Liquefied Natural Gas (NLNG), Austin Avuru, and David Ige.
  • Key objectives of the board include a strategic portfolio review, increasing oil production to 2 million daily by 2027 and 3 million daily by 2030, elevating gas production, and enhancing crude oil refining output.
  • The President has set April 2, 2025, as the starting date for the new board's tenure, with the board expected to drive the company's growth and development.
  • The board is expected to tap into fresh perspectives and ideas to drive growth in the oil and gas sector, improving overall performance and meeting the President's expectations.
  • The success of the new board will be crucial in shaping the future of NNPCL and the nation's economy.
  • The President has specifically tasked the board with maximizing the value through a comprehensive portfolio review and increasing the company's efficiency in crude oil refineries.

Statistics:

  • The new NNPCL board consists of 11 members from various geopolitical zones.
  • The board is tasked with increasing oil production to 2 million barrels daily by 2027.
  • The board aims to elevate gas production and enhance crude oil refining output to meet the President's expectations.
  • The President set April 2, 2025, as the effective start date for the new board's tenure.
  • 2027 and 2030 represent targeted years for achieving the set oil production increases.
  • The new board is responsible for driving NNPCL's growth and development, particularly in the oil and gas sector.

Sources:

  • President Bola Ahmed Tinubu
  • Nigerian National Petroleum Company Limited (NNPCL)
  • Nigeria Liquefied Natural Gas (NLNG)

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