President Bola Tinubu has removed Mele Kyari from his position as Group CEO of the Nigerian National Petroleum Company (NNPC) Limited. This change, effective April 2, 2025, was made public in a statement from the president’s special adviser on information and strategy, Bayo Onanuga.
The President has appointed Bayo Ojulari as the new Group CEO. Ojulari, from Kwara State, previously held significant positions in major oil companies, including Shell. He now faces the task of significantly increasing NNPC’s refining capacity, with a target of 200,000 barrels per day by 2027 and 500,000 barrels per day by 2030.
In addition to Ojulari’s appointment, the new board includes prominent figures representing different regions of Nigeria. Ahmadu Musa Kida is the non-executive chairman, and other non-executive directors come from various geopolitical zones. This new leadership structure aims to focus on efficiency, growth, and innovation in the oil sector.
The new board is expected to prioritize key areas like boosting refining capacity and driving gas commercialization. The Tinubu administration has set ambitious targets, aiming for oil production of 3 million barrels per day and gas production of 10 billion cubic feet daily by 2030.
In his statement, President Tinubu commended Mele Kyari and the outgoing board for their efforts, particularly in revitalizing the Port Harcourt and Warri refineries.
Article updated 2 days ago. Content is written and modified by multiple authors.
