By Musa Ibrahim
The Nigerian National Petroleum Company Limited (NNPCL) has outlined major accomplishments under the leadership of its Group Chief Executive Officer, Engr. Bashir Bayo Ojulari, as he marks 100 days in office.
In a performance review released across its official channels, NNPCL described the past 100 days as a period of “strategic focus, accountability, and transformation,” highlighting progress across upstream operations, infrastructure, energy transition, and internal reforms.
Operational Highlights and Strategic Wins
NNPCL credited Engr. Ojulari’s leadership with achieving the following milestones:
- Strengthened partnerships in the upstream sector, resulting in improved oil and gas production and enhanced partner confidence.
- 100% pipeline availability, a key metric for sustaining crude transport and securing revenue streams.
- Timely cash call payments, facilitating smoother operations and improved alignment with joint venture partners.
- Implementation of a cost-efficiency agenda, targeting waste reduction, underperformance, and value erosion.
“We are saying ‘No’ to value loss. Every Naira must count,” the company stated.
The report emphasized that NNPCL is actively opening new funding channels and driving strategic investments in both upstream and midstream infrastructure as part of its commercial transformation agenda.
Refinery Rehabilitation: All Options on the Table
Addressing the state of Nigeria’s refineries, Engr. Ojulari acknowledged ongoing technical and commercial evaluations, while admitting that the revamp process is becoming more complex. “Sale is not off the table,” he said, noting that all options—including divestment—remain open pending the outcome of comprehensive reviews.
In alignment with Nigeria’s clean energy targets, NNPCL donated 35 Compressed Natural Gas (CNG) buses to the Presidential Initiative on CNG, reinforcing its commitment to affordability, innovation, and environmental sustainability.
“The roads are talking—CNG is the future,” the company stated.
NNPCL also celebrated the completion of the AKK River Niger Crossing, a critical section of the Ajaokuta–Kaduna–Kano (AKK) Gas Pipeline Project. The crossing is considered a major milestone in advancing Nigeria’s gas infrastructure and regional energy security.
Transparency and Financial Reporting Resumed
For the first time since 2021, NNPCL has resumed publication of its monthly financial and operational reports, signaling a renewed commitment to transparency under Engr. Ojulari’s leadership.
According to the company’s June 2025 summary:
- N6.96 trillion has been remitted to the Federation Account in the first five months of the year.
- NNPCL posted a Profit After Tax of N905 billion for June, compared to N1.054 trillion in May.
Investing in People and Governance Culture
Internally, NNPCL is prioritizing employee welfare and culture change. Initiatives include:
- Closing benefit gaps
- Enhancing staff welfare packages
- Promoting a performance-driven and accountable workplace
“We are reinforcing our commitment to constructive engagement and becoming an employer of choice,” the statement said.
Engr. Ojulari also reaffirmed NNPCL’s intention to deepen reforms under the Petroleum Industry Act (PIA) and transition into a globally competitive national energy company.
