The Nigerian National Petroleum Company Limited (NNPCL) has unveiled a series of key achievements to commemorate the first 100 days in office of its Group Chief Executive Officer, Engr. Bashir Bayo Ojulari.
Ojulari assumed leadership of the national oil company on April 2, 2025, following his appointment by President Bola Tinubu. He succeeded Mele Kyari in a broad shake-up of NNPCL’s board and executive management.
In a performance review shared across the company’s social media platforms on Wednesday morning, NNPCL hailed Ojulari’s tenure as a period of “steadfast commitment and forward movement,” citing notable progress in upstream partnerships, infrastructure development, energy transition, corporate governance, and financial transparency.
“We are pleased to announce a key milestone as NNPC Ltd. progresses under the leadership of the Group CEO, Engr. Bashir Bayo Ojulari,” the company stated.
“The report card is out, and the first 100 days of the Group CEO is a testament to steadfast commitment and forward movement.”
The review credited Ojulari’s administration with delivering strategic wins in profitability, refinery rehabilitation, transparency, and employee welfare. Notable among the accomplishments is the enhancement of collaboration with upstream partners, an increase in oil and gas output, and 100 percent pipeline availability—an essential factor in securing consistent revenue streams.
“Timely cash call payments have also resulted in smoother operations and improved partner confidence,” NNPCL noted.
Describing the current phase as a “repositioning for profitability,” the company said it has intensified its stance against waste, 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 read.
To support operational efficiency, the company revealed it has accessed new funding channels and undertaken strategic investments across upstream and midstream infrastructure.
“These are the right doors we must open to transform NNPC into a truly commercial entity,” the company explained.
On refinery rehabilitation, Ojulari’s administration is conducting extensive technical and commercial reviews aimed at delivering long-term, value-driven solutions.
“We are fixing the engine while moving,” the company stated, alluding to efforts to revive Nigeria’s moribund refining capacity.
Ojulari had earlier admitted that the process of revamping the state-owned refineries was becoming “a bit more complicated,” leaving open the possibility of a sale.
“But what we’re saying is that sale is not out of the question. All the options are on the table, to be frank, but that decision will be based on the outcome of the reviews we’re doing now,” he said.
In its drive toward clean energy, NNPCL highlighted its recent donation of 35 compressed natural gas (CNG) buses to the Presidential Initiative on CNG.
“This is not just about cleaner air. It’s about affordability, innovation, and building Nigeria’s energy future. The roads are talking: CNG is the future,” the company stated.
Among the infrastructure milestones achieved during the period is the completion of the River Niger Crossing for the Ajaokuta–Kaduna–Kano (AKK) gas pipeline, a critical component of Nigeria’s gas transmission infrastructure.
“This is a symbol of our transformation—determined, focused, forward-looking,” Ojulari said of the project.
NNPCL also resumed publication of its Monthly Financial and Operational Reports, which had been dormant since 2021. Data from the latest report shows that the company remitted ₦6.96 trillion to the Federation Account in the first five months of 2025. It also recorded a Profit After Tax of ₦905 billion in June—down from ₦1.054 trillion in May.
Internally, the company said it is investing in its workforce by closing benefit gaps, improving staff welfare, and fostering a performance-driven culture.
“We are reinforcing our commitment to constructive engagement and becoming an employer of choice,” the statement added, reaffirming NNPCL’s dedication to deepening commercial reforms in line with the Petroleum Industry Act.
