President Bola Tinubu has flipped the Nigerian National Petroleum Company Limited (NNPCL) board upside down, kicking out Chairman Chief Pius Akinyelure and Group CEO Mele Kyari. His spokesman, Bayo Onanuga, confirmed the news, saying everyone else from the old board, set up in November 2023, is gone too. Now, Engineer Bashir Bayo Ojulari steps in as the new Group CEO, and Ahmadu Musa Kida takes the chairman spot effective right away from April 2, 2025.
The fresh 11-man crew’s got some big names. Adedapo Segun, who took over as finance chief last November, stays on. Six others cover Nigeria’s zones which includes, Bello Rabiu for North West, Yusuf Usman for North East, Babs Omotowa for North Central, Austin Avuru for South-South, David Ige for South West, and Henry Obih for South East. Plus, Mrs. Lydia Shehu Jafiya from the Finance Ministry and Aminu Said Ahmed from Petroleum Resources join in. Tinubu is hoping this team will fix things fast.
President Tinubu has tasked this board with boosting NNPCL’s game, pull in investors, and grow the nation’s economy. They’ve got homework already: check all assets and make sure they’re worth it. After scoring $17 billion in oil deals since 2023, Tinubu’s aiming for $30 billion by 2027 and $60 billion by 2030 pushing oil to 3 million barrels a day and gas to 10 billion cubic feet.