Tinubu Dismiss All Board Members of NNPC, Makes New Appointments
Tinubu Sacks NNPC CEO Kyari, Board Chair, Names Replacements
- Date: April 2, 2025
- Key Changes:
- President Bola Tinubu removed Mele Kyari (NNPC Group CEO) and Pius Akinyelure (Board Chairman).
- All board members appointed in November 2023 were also dismissed.
- New Appointments:
- Bayo Bashir Ojulari – Group Chief Executive Officer (GCEO).
- Ahmadu Musa Kida – Non-Executive Chairman.
- Adedapo Segun – Chief Financial Officer (CFO).
- Non-Executive Directors (Geopolitical Zones):
- Bello Rabiu – North West
- Yusuf Usman – North East
- Babs Omotowa – North Central
- Austin Avuru – South-South
- David Ige – South West
- Henry Obih – South East
- Ministry Representatives:
- Lydia Shehu Jafiya – Federal Ministry of Finance
- Aminu Said Ahmed – Ministry of Petroleum Resources
- Reasons for Restructuring:
- Improve operational efficiency
- Restore investor confidence
- Drive economic growth and gas commercialization
- Increase crude oil refining and production targets
- Tinubu's Targets:
- Oil production: 2M barrels/day by 2027, 3M by 2030
- Gas production: 8B cubic feet/day by 2027, 10B by 2030
- Refining capacity: 200,000 barrels/day by 2027, 500,000 by 2030
Meet Bayo Bashir Ojulari: The New NNPC CEO
- Name: Bayo Bashir Ojulari
- Background:
- Native of Kwara State
- Mechanical Engineering graduate (1989) – Ahmadu Bello University, Zaria
- Fellow of the Nigerian Society of Engineers
- Career Path:
- Started as Nigeria’s first process engineer at Elf Aquitaine
- Joined Shell Petroleum Development Company in 1991
- Managing Director, SNEPCo (2015-2021)
- Board Member, Shell Petroleum Development Company
- Former EVP & COO, Renaissance Africa Energy Company
- Industry Expertise:
- Petroleum, process, and production engineering
- Held key roles in Europe and the Middle East
- Board of Trustees, Society of Petroleum Engineers (1998-1999)