The Nigerian National Petroleum Company (NNPC) Limited has unveiled a new eight-member senior management team, following the appointment of the group chief executive officer (GCEO) and board of directors by President Bola Tinubu three days prior. The team, led by Bayo Ojulari, the GCEO, is tasked with steering the company towards greater productivity and aligning its operations with global best practices.
In a statement issued on Friday by Femi Soneye, NNPC’s spokesperson, the new team includes Rowland Ewubare as group chief operating officer and Adedapo Segun as group chief finance officer. Other members of the senior management team are Olalekan Ogunleye, executive vice-president for gas, power, and new energy; Udy Ntia, executive vice-president for upstream; Mumuni Dagazau, executive vice-president for downstream; Sophia Mbakwe, executive vice-president for business services; and Adesuwa Dozie, company secretary and chief legal officer.
The restructuring, which officially took effect on April 2, is part of a broader strategy to reposition NNPC Limited for improved efficiency and increased transparency. One of the key goals outlined in the statement is to significantly boost NNPC’s crude oil refining output, with targets set at 200,000 barrels per day by 2027 and 500,000 barrels per day by 2030.
In addition to refining targets, the government’s vision for NNPC includes ramping up crude oil production to two million barrels per day by 2027 and three million barrels per day by 2030. Similarly, gas production is set to rise to eight billion cubic feet per day by 2027, with an ambitious target of 10 billion cubic feet per day by 2030.
This restructuring reflects NNPC’s commitment to becoming a more commercially focused and transparent entity, capable of driving the country’s energy sector towards a sustainable and globally competitive future.
