The Nigerian National Petroleum Company Limited (NNPCL) has outlined major achievements under the leadership of its Group Chief Executive Officer, Engr. Bashir Bayo Ojulari, to mark his first 100 days in office.
Ojulari, who assumed office on April 2, 2025, following his appointment by President Bola Ahmed Tinubu, succeeded Mele Kyari as part of a sweeping reform of the company’s leadership structure.
In a performance report released via NNPCL’s official social media platforms on Wednesday, the company praised the progress made across critical sectors, including upstream operations, infrastructure expansion, energy transition, and corporate governance.
Describing the past 100 days as a period of “steadfast commitment and forward movement,” NNPCL credited Ojulari’s leadership with strategic gains in profitability, transparency, refinery rehabilitation, and staff welfare.
“We are pleased to announce a key milestone as NNPC Ltd. progresses under the leadership of the Group CEO, Engr. Bashir Bayo Ojulari. The first 100 days reflect determined efforts and clear results,” the statement read.
Among the accomplishments highlighted were improved collaboration with upstream partners, increased oil and gas production, and full pipeline availability—essential for stabilizing revenue. The company also reported timely cash call payments, leading to smoother operations and stronger investor confidence.
NNPCL emphasized its new cost-saving and performance-focused approach, vowing to eliminate inefficiencies and halt value loss.
“We are saying ‘No’ to waste. Hard decisions are being made to cut costs and halt unproductive activities. Every Naira must count,” the report stated.
In terms of infrastructure, the company said it has opened new funding channels and invested in strategic upstream and midstream projects to support its commercial transformation goals.
Refinery rehabilitation efforts remain ongoing, with Ojulari’s administration focused on technical and commercial evaluations aimed at long-term solutions. The GCEO acknowledged the complexities involved, noting that while the option of selling state-owned refineries is not ruled out, final decisions would depend on current review outcomes.
“We’re fixing the engine while moving,” the report noted, referring to efforts to revive Nigeria’s refining sector.
NNPCL also reaffirmed its commitment to clean energy, citing the recent donation of 35 compressed natural gas (CNG) buses to the Presidential Initiative on CNG. “This is about cleaner air, affordability, and building a sustainable energy future. CNG is the road ahead,” it said.
One of the notable achievements under Ojulari is the completion of the AKK River Niger Crossing, a vital segment of the Ajaokuta–Kaduna–Kano gas pipeline project. He described it as “a symbol of our transformation—determined, focused, and forward-looking.”
Additionally, NNPCL has resumed publishing its monthly financial and operational reports, which had been inactive since 2021. The company reported that it remitted N6.96 trillion to the Federation Account in the first five months of 2025. However, its Profit After Tax for June dropped to N905 billion, down from N1.054 trillion in May.
On internal reforms, the company said it is prioritizing employee welfare, closing benefit gaps, and fostering a performance-driven work culture.
“We are strengthening our commitment to engagement and aiming to become an employer of choice,” the statement concluded, reaffirming its dedication to implementing commercial reforms under the Petroleum Industry Act.
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