Our Correspondent
The Group Chief Executive Officer of NNPC Ltd, Bayo Ojulari, says the company will focus on reconfiguring its business structure for agility and value creation.
NNPCL will also start conducting independent value assessments for data-driven decisions; enforcing a robust performance management framework and building transparent, value-aligned partnerships with all stakeholders.
Most critically, he said NNPCL will henceforth take firm control of its narrative, all in its bid to achieve its targets.
The NNPCL GCEO disclosed this during a town hall meeting with staff.
He said under his stewardship the company was set to attract sectoral investments worth thirty billion dollars by 2027 and increase to sixty billion dollars by 2030.
Crude oil production rises to over 2 million barrels per day sustained through 2027 and attain 3 million by 2030.
Ojulari also promised to expand refining output to 200kbpd by 2027, and 500kbpd by 2030.
He also pledged to grow gas production to ten billion cubic feet per day by 2027, and twelve billion cubic feet by 2030.
NNPCL will equally deepen energy access and affordability for all Nigerians.
Ojulari said, “We stand at the gateway of a new era – one that demands courage, professionalism, and a relentless drive for excellence.
Great task ahead
The GCEO said, “The task before us is great, yet the opportunity to redefine Nigeria’s energy future is even greater.
“Now is the time to turn our transformation promise into performance,” Ojulari charged thousands of the company’s staff.
According to him, the targets are not just metrics, but indicators of hope, jobs, industrial growth, and energy security for millions of Nigerians.
He charged staff to be proud of NNPC Ltd’s recent transformation.
Ojulari stressed that becoming a fully-fledged limited liability company requires the collective drive towards making NNPC more transparent, profitable and accountable.
The Group CEO pledged to give all employees the space to be able to outperform competitors.
