Breaking: President Tinubu Appoints Bayo Ojulari as New NNPCL CEO



In a significant leadership change at the Nigerian National Petroleum Company Limited (NNPCL), President Bola Ahmed Tinubu has appointed Bayo Bashir Ojulari as the new Group Chief Executive Officer (GCEO). This appointment marks a new chapter in the company’s drive for efficiency and growth in Nigeria’s oil and gas sector.

Ojulari succeeds Mele Kyari, who has retired from the position after reaching the mandatory retirement age of 60 in January 2025. Under Kyari’s leadership, NNPCL witnessed notable achievements, including the successful rehabilitation and reopening of the Port Harcourt refinery in late 2024, a project that had been stalled for years.

Who is Bayo Ojulari?

Bayo Ojulari is a seasoned engineer with decades of experience in petroleum, process, and production engineering. His vast expertise in the oil and gas industry, both locally and internationally, makes him a strategic choice for leading NNPCL into its next phase of development. Some highlights of his career include:

Former Managing Director of Shell Nigeria Exploration and Production Company (SNEPCo): Served in this role from 2015 to 2021, overseeing critical deepwater oil projects and technological advancements in offshore drilling.

International Exposure: Held key managerial positions across Europe and the Middle East, focusing on petroleum engineering, production, and health and safety initiatives.

Professional Recognition: Ojulari is a Fellow of the Nigerian Society of Engineers (NSE) and has played active roles in professional organizations such as the Society of Petroleum Engineers (SPE Nigeria Council), where he served as chairman and board trustee.


The Road Ahead for NNPCL

With Nigeria’s energy sector undergoing transformations, Ojulari is expected to bring his wealth of experience to drive efficiency, increase production capacity, and implement strategic reforms at NNPCL. Industry stakeholders anticipate that his leadership will focus on stabilizing fuel supply, boosting local refining capacity, and enhancing transparency within the corporation.

While this appointment aligns with earlier speculations about leadership changes at NNPCL, the presidency had previously dismissed such reports as unfounded. However, with this official confirmation, it is evident that President Tinubu is keen on placing experienced professionals at the helm of critical sectors.

Stay tuned for more updates as Insight by Oppy continues to track developments in Nigeria’s oil and gas sector.

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