The Nigerian National Petroleum Company Limited has rolled out key achievements to mark the first 100 days in office of its Group Chief Executive Officer, Bashir Ojulari.
Ojulari assumed office on 2 April 2025 following his appointment by President Bola Tinubu. He replaced former GCEO, Mele Kyari, as part of a sweeping overhaul of the company’s board and executive team.
In a performance review released by the national oil company across its social media platforms on Wednesday morning, Ojulari’s administration was lauded for hitting major milestones across upstream partnerships, infrastructure development, energy transition, and corporate governance.
Describing the period as one of “steadfast commitment and forward movement,” the company said the new leadership had delivered strategic wins in profitability, refinery rehabilitation, transparency, and employee welfare.
The post read, “We are pleased to announce a key milestone as NNPC Ltd. progresses under the leadership of the Group CEO, Engr. Bashir Bayo Ojulari.
“The report card is out, and the first 100 days of the Group CEO is a testament to steadfast commitment and forward movement.”
Under Ojulari’s leadership, NNPCL said it has strengthened collaboration with upstream partners, achieved growth in oil and gas production, and ensured 100 per cent pipeline availability, a crucial metric for securing revenue flows.
“Timely cash call payments have also resulted in smoother operations and improved partner confidence,” the company stated.
In what it termed a “repositioning for profitability,” NNPCL said it has taken a tough stance on waste, cost inefficiencies, and underperformance.
“We are saying ‘No’ to value loss. This includes cutting costs and making hard decisions around unproductive operations. Every Naira must count,” the report said.
To drive operational efficiency, the company said it has opened new funding channels and pursued strategic investments in upstream and midstream infrastructure.
“These are the right doors we must open to transform NNPC into a truly commercial entity,” the statement added.
On refinery rehabilitation, Ojulari’s team is said to be engaged in ongoing technical and commercial reviews, with a focus on long-term, value-driven solutions.
“We are fixing the engine while moving,” the document read, in a reference to ongoing efforts to revive Nigeria’s long-dormant refining capacity.
(PUNCH)
