Tinubu Inaugurates NNPC Board, Tasks Members on Boosting Oil Output
New Leadership Takes Charge of Nigeria’s Oil Sector
President Bola Tinubu officially inaugurated the newly appointed Board and Executive Management Team of the Nigerian National Petroleum Company Limited (NNPCL) on Thursday, directing them to prioritize increased oil and gas production.
The ceremony at the Presidential Villa in Abuja marked a significant moment for Nigeria’s energy sector, occurring just before the All Progressives Congress (APC) National Summit.
New NNPC Leadership Composition
President Tinubu appointed the new NNPCL leadership seven weeks ago, replacing former Group Chief Executive Officer Mele Kyari. The board includes:
- Ahmadu Musa Kida (Board Chairman – Borno State)
- Adedapo Segun
- Bello Rabiu (North West)
- Yusuf Usman (North East)
- Babs Omotowa (North Central; former MD of NLNG)
- Austin Avuru (South-South; Non-Executive Director)
- David Ige (South West; Non-Executive Director)
- Henry Obih (South East; Non-Executive Director)
- Lydia Shehu Jafiya (Permanent Secretary, Federal Ministry of Finance)
- Aminu Said Ahmed (representing Ministry of Petroleum Resources)
All appointments took effect from April 2, 2025.
Ambitious Production Targets Set
President Tinubu outlined aggressive production goals for the new leadership:
- Increase daily crude oil production to 2 million barrels by 2027 and 3 million by 2030
- Scale up daily gas output to 8 billion cubic feet by 2027 and 10 billion by 2030
- Boost NNPC’s refining capacity to 200,000 barrels per day by 2027 and 500,000 by 2030
“These targets are not just aspirational – they are central to our economic revitalization strategy,” Tinubu emphasized. “Your task is clear: deliver results.”
Key Leadership Profiles
Ahmadu Musa Kida, the new Board Chairman, holds a civil engineering degree from Ahmadu Bello University and a petroleum engineering diploma from Institut Français du Pétrole. His extensive experience includes leadership roles at Elf Petroleum Nigeria and Total E&P.
Oritsemeyiwa Eyesan Ojulari, the new Group CEO, previously led Renaissance Africa Energy’s $2.4 billion acquisition of Shell Petroleum Development Company of Nigeria (SPDC).
The new leadership takes charge amid global energy transition challenges and Nigeria’s need to maintain competitive oil production levels.
Full credit to the original publisher: Sahel Standard