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The Digest:
NNPCL GCEO Bayo Ojulari says vested interests are plotting to remove him over sweeping refinery reforms. He claims his team faces threats for halting huge losses and pursuing a partnership model to revive Nigeria’s oil sector.

Key Points:
  • Ojulari says life and job are under threat after the reform measures.
  • Alleged petitions to EFCC part of coordinated attacks.
  • Refineries had been losing $300–500 million monthly before reforms.
  • Plans for NLNG-style partnerships with professional operators.
  • Assures staff: no job losses, but new opportunities and training.
  • PENGASSAN pledges support, praising improved production and stability.
  • Ojulari projects 1–2 refineries operational in 2–3 years to meet demand.
Ojulari’s alarm underscores how reforming Nigeria’s oil sector threatens entrenched interests. While his push for partnerships could revamp refineries, resistance from those profiting off inefficiencies shows the political risks of energy reform.

Source: Vanguard