NNPCL Marks 100 Days Under New CEO Ojulari with 22 Key Achievements
Lagos, Nigeria – The Nigerian National Petroleum Company Limited (NNPCL) has released a comprehensive list of achievements under the leadership of its new Group CEO, Bashir Bayo Ojulari, as he surpasses 100 days in office. Appointed by President Bola Ahmed Tinubu in May 2025, Ojulari has been tasked with improving the national oil company, bringing a wealth of experience from his previous roles at Shell, including Development Director at Shell Petroleum Development Company.
Key Achievements Highlighted
Under Ojulari's leadership, NNPCL has seen significant advancements in various areas, including production, cost control, transparency, and clean energy initiatives. The company shared these achievements on its official social media platform, emphasizing the positive impact on Nigeria's oil and gas sector.
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Production and Partnership:
- Enhanced collaboration with upstream partners.
- Notable growth in oil and gas production.
- Achieved 100% pipeline availability.
- Timely cash call payments, facilitating smoother operations and boosting investor confidence.
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Repositioning for Profitability:
- Focused on eliminating value loss.
- Implemented cost-cutting measures and made tough decisions on underperforming assets.
- Ensured optimal use of financial resources.
- Achieved innovative operational efficiency.
- Secured strategic funding and investments in upstream and midstream infrastructure.
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Refinery Progress:
- Conducted ongoing technical and commercial reviews.
- Worked towards long-term, value-driven refinery solutions.
- Fixed operational issues while maintaining ongoing processes.
- Reinstated transparency with the resumption of monthly financial and operational reports, a practice last consistently observed in 2021.
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Major Engineering Milestones:
- Completed the River Niger crossing for the Ajaokuta-Kaduna-Kano (AKK) gas pipeline, symbolizing NNPCL's transformation and forward-looking approach.
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Clean Energy Drive:
- Donated 35 CNG buses to the Presidential Initiative on CNG, promoting affordability, cleaner air, and innovation.
- Emphasized the future of CNG as a sustainable energy source.
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Investment in People:
- Closed benefit gaps and improved employee welfare.
- Fostered a performance-driven culture.
- Reinforced commitment to becoming an employer of choice through constructive engagement.
Additional Developments
In addition to these achievements, NNPCL has reduced the pump price of Premium Motor Spirit (PMS), commonly known as petrol, to N910 per litre in Abuja. This price adjustment reflects ongoing competition in the domestic market for petroleum products among various players.
As NNPCL continues to implement strategic initiatives under Ojulari's leadership, the company aims to strengthen its position in the global energy market while contributing to Nigeria's economic growth and development.
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