The Nigerian National Petroleum Company Limited recently marked the completion of its CEO Bashir Bayo Ojulari’s first 100 days with a detailed progress report emphasizing milestones in operational efficiency, financial growth, and sustainability efforts.
Ojulari assumed leadership on April 2, 2025, consequent to presidential appointments intending a fresh direction for NNPC. The company’s official briefing celebrated numerous accomplishments across upstream collaborations, infrastructure upgrades, governance reforms, and environmental initiatives.
The report described the initial term as embodying “steadfast commitment and forward movement,” with highlights ranging from increased oil and gas production to full pipeline functionality—crucial for revenue assurance.
Cash call payments were emphasized as a key improvement, enhancing operational harmony and partner confidence. According to the company: “Timely cash call payments have also resulted in smoother operations and improved partner confidence.”
In a bid to enforce fiscal responsibility, NNPC declared a hardline stance against waste and inefficiency. “We are saying ‘No’ to value loss,” it stressed, committing to cut costs and cull unproductive tasks to ensure every Naira is accounted for.
The firm is opening fresh financing avenues to target vital upstream and midstream projects, supporting its transformation into a commercially focused entity.
Regarding Nigeria’s refining infrastructure, the company is conducting thorough technical and commercial analyses to rehabilitate aging facilities. Ojulari has acknowledged the complexity of refinery overhaul and openness to all options, including possible sales: “All the options are on the table, to be frank.”
Simultaneously, NNPC pushes clean energy solutions, notably donating 35 compressed natural gas buses to support the Presidential CNG Initiative. The initiative aims not only at reducing emissions but also at driving innovation and cost savings. “The roads are talking: CNG is the future,” the company asserted.
A major pipeline achievement was the completion of the AKK River Niger Crossing segment, a strategic artery in the gas infrastructure linking Ajaokuta, Kaduna, and Kano. The GCEO hailed this as symbolic of the company’s renewal and future-focused ambition.
The company resumed issuing monthly financial reports after a four-year hiatus, disclosing it had remitted N6.96 trillion to Nigeria’s Federation Account during the first five months of 2025. June’s financials showed a profit after tax of N905 billion, a slight decrease from May’s figures.
Investments in workforce welfare are also underway, with a focus on bridging benefit shortfalls and fostering a results-driven culture. The statement concluded by reaffirming commitment to constructive engagement and commercial reforms aligned with the Petroleum Industry Act.