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Bayo Ojulari, NNPC Boss, Targets 3m Barrels Daily, $60bn Investment By 2030

At a meeting with staff members, the new Group Chief Executive Officer of NNPC Limited, Mr. Bashir Bayo Ojulari, has promised to pursue the company’s bold ambitions and transform it into a source of pride for all Nigerians.

Ojulari made the declaration at a town hall meeting held at the NNPCL Towers in Abuja, few days after assuming duties as the Group Chief Executive Officer, GCEO, saying it was a huge honour and responsibility to lead the NNPC Ltd.

In a release, Thursday, NNPCL’s spokesperson, Olufemi Soneye said the new GCEO made the declaration few days after assuming duties.

“We stand at the gateway of a new era-one that demands courage, professionalism, and a relentless drive for excellence,” Ojulari said at the town hall meeting. “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.”

Ojulari said the NNPC Ltd, under his leadership, 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.

And to achieve the targets, Ojulari said the company will focus 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.

The new Group CEO said the targets are not just metrics but indicators of hope, jobs, industrial growth, and energy security for millions of Nigerians.

Ojulari described the NNPC Ltd as a renewed, forward-facing, and future-ready organisation that is proudly leading Nigeria’s energy transformation, adding: “It’s time we tell our story-one of innovation, reform, and national pride.”

He charged staff to be proud of NNPC Ltd’s recent transformation, and stressed 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 new Group CEO drew a loud applause when he pledged to give all employees copious space to outperform competitors.

“We will provide the best combination where the experienced and the young will both thrive towards achieving our set targets,” he assured.

He said his Management will deepen collaboration with the Company’s in-house and national unions to build a stronger, trust-based relationship that reflects shared purpose and mutual respect.

He implored the staff members to lead with integrity and act with urgency while bringing their level best to the table.

“We recognise that our greatest asset is our people,” Ojulari continued. “Our success will be powered by empowered employees. As such, we are fully committed to creating a workplace where everyone is valued, motivated, and inspired to thrive. Together, we will build a high-performing, globally competitive NNPC Ltd that is proudly Nigerian and proudly world-class,”

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