Mr. Bashir Ojulari, the newly appointed Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd), has outlined bold ambitious plan to attract sectoral investments worth $30 billion by 2027 and $60 billion by 2030.
At a town hall meeting held at the NNPCL Towers in Abuja, Ojulari expressed his vision for an NNPC that will be the pride of all Nigerians.
He noted that the company stands at the gateway of a new era which demands courage, professionalism, and a relentless drive for excellence.
In a statement by the Chief Corporate Communications Officer of NNPC Ltd. Mr. Olufemi Soneye on Thursday, a copy of which was obtained by Persecondnews, Ojulari said: “We stand at the gateway of a new era—one that demands courage, professionalism, and a relentless drive for excellence. The task before us is great, yet the opportunity to redefine
“Nigeria’s energy future is even greater. Now is the time to turn our transformation promise into performance.
“Unveiling his agenda, Ojulari said the NNPC Ltd under his stewardship aims to attract sectoral investments worth $30 billion by 2027 and $60 billion by 2030;
raise crude oil production to over 2 million barrels per day, sustained through 2027 and attain 3 million by 2030; expand refining output to 200kbpd by 2027, and 500kbpd by 2030.
“Grow gas production to 10bcf per day by 2027, and 12bcf by 2030 and deepen energy access and affordability for all Nigerians.
“To achieve these targets, the company will be focusing on reconfiguring its business structure for agility and value creation; conducting independent value assessments to inform data-driven decisions; enforcing a robust performance management framework; building transparent, value-aligned partnerships with all stakeholders and most critically, taking control of its narrative.”
Ojulari also noted the importance of building transparent, value-aligned partnerships with stakeholders and taking control of the company’s narrative.
He charged staff members to be proud of NNPC Ltd’s recent transformation, stressing that the next journey to becoming a fully-fledged limited liability company will require the collective drive towards making NNPC more transparent, profitable and accountable.
The Group CEO pledged to give all employees the space to be able to outperform competitors. We will provide the best combination where the experienced and the young will both thrive towards achieving our set targets.
“Management will deepen collaboration with the Company’s inhouse and national unions to build a stronger, trust-based relationship that reflects shared purpose and mutual respect.
“All staff should lead with integrity, act with urgency, while bringing their very best to the table,” the statement added.
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