How Bayo Ojulari Revitalised NNPCL into a Transparent, Profitable Powerhouse in One Year
In April 2025, President Tinubu appointed Engr. Bashir Bayo Ojulari as Group CEO of NNPCL. In just 365 days, he delivered an unprecedented financial turnaround and operational overhaul. Drawing on 35 years at Elf and Shell, Ojulari made transparency a core principle. He introduced monthly operational reports and hosted the first Group Earnings Call, setting a new standard for public accountability. Under his leadership, NNPCL posted an 88% revenue increase and 64% growth in profit after tax. Production climbed to a record 355,000 barrels per day. Loss-making refineries were paused for strategic overhaul under partnership models. He secured private investment for deepwater projects, expanded lubricant sales across West Africa, and forged a strategic alliance with the Dangote Refinery. These steps have positioned NNPCL as a catalyst for Nigeria’s energy security and economic growth.
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