The Nigerian National Petroleum Company Limited (NNPCL) has outlined key milestones achieved under the leadership of its Group Chief Executive Officer, Engr. Bashir Bayo Ojulari, as he marks 100 days in office.
In a performance review shared via NNPCL’s official social media platforms on Wednesday, the national oil company credited Ojulari’s administration with notable progress in upstream operations, infrastructure delivery, energy transition, corporate governance, and profitability.
Ojulari assumed office on April 2, 2025, following his appointment by President Bola Tinubu. He succeeded former GCEO Mele Kyari amid a sweeping leadership overhaul at the company.
Describing the last 100 days as a period of “steadfast commitment and forward movement,” NNPCL said the new leadership had made impactful strides in transparency, refinery rehabilitation, and employee welfare.
Under Ojulari, NNPCL reported enhanced collaboration with partners, improved oil and gas production, 100% pipeline availability, and consistent cash call payments—factors that have boosted operational efficiency and investor confidence. The administration continues its technical and commercial review of Nigeria’s state-owned refineries, with Ojulari stating that all options—including privatization—remain on the table depending on review outcomes. “We are fixing the engine while moving,” the report stated.
In line with the federal government’s transition agenda, NNPCL donated 35 compressed natural gas (CNG) buses to the Presidential Initiative on CNG, reinforcing its commitment to sustainability, affordability, and innovation. A major infrastructure milestone is the completion of the River Niger Crossing for the Ajaokuta–Kaduna–Kano (AKK) gas pipeline—seen as critical for unlocking Nigeria’s gas potential.
After years of silence, NNPCL resumed publication of its monthly financial and operational reports, last regularly released in 2021. For June 2025, the company posted a profit after tax of ₦905 billion, down from ₦1.054 trillion in May. It also disclosed a ₦6.96 trillion remittance to the Federation Account within the first five months of 2025.
Internally, the company said it is addressing benefit gaps, improving staff welfare, and embedding a performance-driven culture. “We are reinforcing our commitment to constructive engagement and becoming an employer of choice,” the statement read.
Emphasizing commercial transformation in line with the Petroleum Industry Act, NNPCL pledged to cut waste and inefficiency, warning that “every Naira must count.” The company also reported opening new funding channels and ramping up strategic investments in upstream and midstream infrastructure.
Summing up the review, the company stated: “We are repositioning for profitability. This is about discipline, hard decisions, and a commitment to delivering long-term value.”
