Bayo Ojulari, group chief executive officer (GCEO) of the Nigerian National Petroleum Company (NNPC) Limited, has sought the support of the ministries of petroleum resources and finance, as well as critical stakeholders, to expedite results.
Ojulari spoke during a courtesy visit to Heineken Lokpobiri, minister of petroleum resources (oil), on Wednesday.
Speaking during the visit, the NNPC GCEO emphasised that he and his executive leadership team are stepping into office with a spirit of partnering and a deep resolve to make a lasting impact.
He noted that NNPC’s success would hinge on close synergy with the ministry of petroleum, ministry of finance, and other relevant institutions to break through bureaucratic barriers and expedite results.
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“We are here with a mindset of partnership; partnership with the Ministry of Petroleum Resources, with the Ministry of Finance, and with all other critical stakeholders. Our goal is to bridge gaps, foster alignment, and move forward with a united front. Antagonism benefits no one; collaboration is how we win,” Ojulari said.
He also reaffirmed his commitment to forging strong and effective partnerships with key stakeholders to successfully deliver on the strategic mandate entrusted to him by President Bola Tinubu.
In response, Lokpobiri expressed confidence in the new leadership of NNPC, noting that he has known many members of the management team personally and has received outstanding reports about their professional capabilities.
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“This is arguably the strongest leadership team NNPC Ltd. has ever assembled. Now is the time to translate that reputation into measurable results; especially in increasing crude oil production and ensuring the sector delivers optimal value to the Nigerian people,” the minister said.
‘OJULARI HAS MY UNWAVERING SUPPORT’
Lokpobiri assured Ojulari of his unwavering support and strategic guidance, adding that his office would work closely with the NNPC GCEO to provide the enabling environment for NNPC to thrive and fulfil its national mandate.
The renewed spirit of partnership, the minister said, heralds a new chapter for the oil and gas industry, marked by purposeful collaboration, operational excellence, and a shared commitment to national development.
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Following Ojulari’s appointment, the presidency said Tinubu expects the new board to elevate NNPC’s share of crude oil refining output to 200,000 barrels by 2027 and reach 500,000 by 2030.
The government said it plans to raise crude oil production to two million barrels daily by 2027 and three million by 2030, alongside a gas production goal of eight billion cubic feet daily by 2027 and 10 billion cubic feet by 2030.
Also, the administration prioritised domestic refining capacity to reduce reliance on fuel imports and strengthen Nigeria’s energy security.
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