In a major shake-up, President Bola Ahmed Tinubu has dissolved the Nigerian National Petroleum Company (NNPC) Limited board, replacing Chairman Chief Pius Akinyelure and Group CEO Mallam Mele Kolo Kyari with Ahmadu Musa Kida and Bashir Bayo Ojulari, respectively.
Key Appointments in the New NNPC Board
Group CEO: Engineer Bashir Bayo Ojulari
Non-Executive Chairman: Ahmadu Musa Kida
Chief Financial Officer: Adedapo Segun
Geopolitical Representatives:
- North West: Bello Rabiu
- North East: Yusuf Usman
- North Central: Babs Omotowa
- South-South: Austin Avuru
- South West: David Ige
- South East: Henry Obih
Ministry Representatives:
- Federal Ministry of Finance: Mrs. Lydia Shehu Jafiya
- Ministry of Petroleum Resources: Aminu Said Ahmed
All appointments take immediate effect from April 2, 2025.
Why the NNPC Board Restructure Matters
President Tinubu, exercising powers under Section 59(2) of the Petroleum Industry Act (PIA) 2021, stated that the new board will:
✅ Boost operational efficiency
✅ Restore investor confidence
✅ Strengthen local content development
✅ Drive economic growth and gas commercialization
NNPC’s Future Growth Targets
Investment Goals:
- $30 billion investment by 2027
- $60 billion investment by 2030
Oil & Gas Production Targets:
- Oil: 2 million barrels/day by 2027, 3 million barrels/day by 2030
- Gas: 8 billion cubic feet/day by 2027, 10 billion cubic feet/day by 2030
Refining Expansion:
- 200,000 barrels/day by 2027
- 500,000 barrels/day by 2030
Meet the New NNPC Leadership
🔹 Ahmadu Musa Kida (Non-Executive Chairman)
- Former Deputy Managing Director of Deep Water Services at Total Nigeria
- Alumnus of Ahmadu Bello University (Civil Engineering, 1984)
- Ex-President of the Nigerian Basketball Federation (NBBF)
🔹 Bashir Bayo Ojulari (Group CEO)
- Led $2.4 billion acquisition of Shell Petroleum Development Company of Nigeria (SPDC)
- Former Managing Director of Shell Nigeria Exploration and Production Company (SNEPCO)
- Alumnus of Ahmadu Bello University (Mechanical Engineering)
President Tinubu’s bold restructuring of NNPC Limited marks a new era for Nigeria’s oil and gas sector. With a focus on investment, production growth, and refinery expansion, the administration aims to position NNPC as a global energy leader.
