The new Group Chief Executive Officer of Nigerian National Petroleum Company Limited (NNPC Ltd.), Engr. Bashir Bayo Ojulari, has unveiled bold strategic goals aimed at transforming the national oil company into a world-class, high-performing energy giant.
Speaking at a town hall meeting with NNPC staff in Abuja, just days after assuming office, Ojulari pledged to attract sectoral investments totaling $30 billion by 2027 and $60 billion by 2030. He also committed to ramping up crude oil production to over two million barrels per day by 2027, with a further increase to three million barrels per day by 2030.
According to a statement issued on Friday, April 18, 2025, by Olufemi Soneye, Chief Corporate Communications Officer of NNPC Ltd., the new GCEO also outlined ambitious targets to expand the company’s refining output to 200,000 barrels per day (kbpd) by 2027 and 500,000 kbpd by 2030.
On natural gas, Ojulari revealed that NNPC Ltd. aims to grow production to 10 billion cubic feet (bcf) per day by 2027 and 12 bcf by 2030, as part of broader efforts to deepen energy access and affordability across Nigeria.
“We stand at the threshold of a new era—one that calls for courage, professionalism, and an unwavering commitment to excellence,” Ojulari said. “The task ahead is significant, but so is the opportunity to reshape Nigeria’s energy future. Now is the time to turn our vision for transformation into tangible results.”
To deliver on these ambitious targets, Ojulari said the company will focus on:
- Reconfiguring its business structure for agility and value creation
- Conducting independent value assessments to support data-driven decision-making
- Enforcing a strong performance management framework
- Building transparent, value-aligned partnerships with stakeholders
- Taking control of the company’s narrative to reflect its evolving identity
Highlighting the impact of these goals, the GCEO emphasized that the targets are more than just performance metrics—they represent hope, job creation, industrial development, and long-term energy security for Nigerians.
He urged staff to take pride in NNPC Ltd.’s recent transformation into a limited liability company and to remain committed to making it more transparent, accountable, and profitable.
Ojulari also assured employees of a supportive environment that encourages excellence, stating, “We will create the right balance where both experienced professionals and younger talents can thrive. Everyone will have the opportunity to outperform competitors.”
He reaffirmed management’s commitment to strengthening collaboration with both internal and national labor unions to foster a culture of mutual respect, shared purpose, and trust.
“Our people are our greatest asset,” Ojulari noted. “Our success will be driven by empowered employees. That’s why we’re focused on creating a workplace where everyone feels valued, motivated, and inspired to reach their full potential.”
He concluded with a rallying call: “Together, we will build a high-performing, globally competitive NNPC Ltd.—proudly Nigerian, proudly world-class.”
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