NNPC has appointed a new senior management team, led by Bayo Ojulari as GCEO. The team will focus on enhancing crude oil and gas production, with a goal to reach 200,000 barrels per day in refining by 2027 and boost production to 2 million barrels per day by 2027.
The Nigerian National Petroleum Company (NNPC) Limited has appointed a new senior management team, just days after President Bola Tinubu announced the new group chief executive officer (GCEO) and board of directors. Bayo Ojulari has been appointed as the GCEO, leading the eight-member team. Other key figures include Rowland Ewubare, who will serve as the group chief operating officer, and Adedapo Segun as the group chief finance officer. The new appointments reflect NNPC's vision for growth and transformation, with a focus on boosting productivity and efficiency.
The new team’s key objectives include increasing NNPC’s crude oil refining output to 200,000 barrels per day by 2027, and 500,000 barrels per day by 2030. Additionally, the government aims to raise crude oil production to two million barrels daily by 2027, and three million by 2030, alongside a target for gas production of eight billion cubic feet per day by 2027 and 10 billion by 2030.
NNPC’s restructuring is part of efforts to improve its commercial viability, aligning the company’s operations with global best practices to ensure greater transparency and performance. The new leadership is set to drive these bold steps, which are expected to enhance the company's role in Nigeria’s energy sector.
