President Bola Ahmed Tinubu has formally sworn in the newly constituted 11-member board of the Nigerian National Petroleum Company Limited (NNPCL), appointing Engr.
Bashir Bayo Ojulari as Group Chief Executive Officer and Ahmadu Musa Kida as Non-Executive Chairman.
The swearing-in ceremony took place at the State House in Abuja, shortly before the President proceeded to the All Progressives Congress (APC) National Summit.
The new board comprises prominent figures from various geopolitical zones, showcasing a strategic blend of industry experience and regional representation.
Notable appointees include Adedapo Segun and Bello Rabiu from the North West, Yusuf Usman from the North East, and Babs Omotowa, a former Managing Director of the Nigeria Liquefied Natural Gas (NLNG), representing the North Central.
Other members include Austin Avuru as Non-Executive Director for the South-South, David Ige for the South-West, and Henry Obih for the South-East.
Mrs. Lydia Shehu Jafiya, Permanent Secretary of the Federal Ministry of Finance, and Aminu Said Ahmed, representing the Ministry of Petroleum Resources, will also serve on the board.
Top government officials present at the ceremony included Minister of Finance Wale Edun, Minister of Information Mohammed Idris, and Minister of State for Petroleum Senator Heineken Lokpobiri.
The appointments took effect from April 2, 2025. President Tinubu has tasked the new board with conducting a strategic portfolio review of NNPC-operated and Joint Venture Assets to maximize value, raising oil production to 2 million barrels daily by 2027, and increasing gas production to 8 billion cubic feet daily by 2027.
