In his first official interaction with staff since assuming office, the new Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mr. Bashir Bayo Ojulari, has unveiled an ambitious roadmap aimed at repositioning the company as a globally competitive and proudly Nigerian energy leader.
Speaking at a townhall meeting held at the NNPC Towers in Abuja on Thursday, Ojulari pledged to pursue bold ambitions for the company, including attracting $30 billion in sectoral investments by 2027 and doubling that figure to $60 billion by 2030.
He also announced key production and infrastructure targets: crude oil output is expected to exceed 2 million barrels per day by 2027 and reach 3 million by 2030, while refining capacity will grow to 200,000 barrels per day by 2027 and 500,000 by 2030. In the gas sector, the company is targeting 10 billion cubic feet per day by 2027, and 12 bcf by 2030.
Ojulari described the NNPC Ltd. as a strategic asset to Nigeria’s future and emphasized the importance of energy access, job creation, and industrial development as the company’s broader mission.
“We stand at the gateway of a new era one that demands courage, professionalism, and a relentless drive for excellence. The opportunity to redefine Nigeria’s energy future is even greater than the task before us,” he said.
To meet these ambitious goals, the GCEO outlined a strategic focus on restructuring for agility and value creation, enforcing robust performance frameworks, and strengthening partnerships with stakeholders. He also emphasized the need to take control of the company’s narrative, positioning NNPCL as an innovative and reform-driven national champion.
Ojulari assured employees of an inclusive leadership style that valued both experience and innovation.
“We will provide the best environment for both the experienced and the young to thrive. Our success will be powered by empowered employees,” he noted, pledged to create a workplace where all staff feel valued and inspired.
He further stressed the need for integrity, urgency, and excellence across board, urging staff to take pride in the company’s transformation into a limited liability entity that upholds transparency, profitability, and accountability.
The GCEO also promised to strengthen collaboration with internal and national labour unions, with a view to fostering mutual trust and a shared vision.
“Together, we will build a high-performing, globally competitive NNPC Ltd. that is proudly Nigerian and proudly world-class,” Ojulari concluded.
