President Tinubu Inaugurates New NNPC Board, Sets Ambitious Oil and Gas Production Targets
Leadership Overhaul at NNPC
President Bola Tinubu officially inaugurated the newly appointed Board and Executive Management Team of the Nigerian National Petroleum Company Limited (NNPCL) on Thursday, marking a significant shift in Nigeria’s energy sector leadership. The ceremony took place at the Presidential Villa in Abuja ahead of the All Progressives Congress (APC) National Summit.
New Leadership Team
The presidential appointments, which took effect from April 2, 2025, include:
- 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 the Ministry of Petroleum Resources)
Ambitious Production Targets
President Tinubu set clear objectives for the new NNPC leadership:
- Crude Oil Production: Increase to 2 million barrels daily by 2027 and 3 million by 2030
- Gas Output: Scale up to 8 billion cubic feet daily by 2027 and 10 billion by 2030
- Refining Capacity: Boost 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 Appointments
Ahmadu Musa Kida – Board Chairman
The newly appointed Board Chairman holds a civil engineering degree from Ahmadu Bello University and a postgraduate diploma in petroleum engineering from Institut Français du Pétrole (IFP), Paris. His extensive experience includes leadership roles at Elf Petroleum Nigeria and Total E&P, where he served as Deputy Managing Director of Deep Water Services.
Oritsemeyiwa Eyesan Ojulari – Group CEO
The new Group CEO previously served as Executive Vice President and COO of Renaissance Africa Energy, where he led a consortium in the landmark $2.4 billion acquisition of Shell Petroleum Development Company of Nigeria (SPDC).
Strategic Importance
The leadership transition comes at a critical juncture for Nigeria’s oil sector, facing global competition, domestic challenges, and the need to align with energy transition trends.
Full credit to the original publisher: Sahel Standard