Close Menu
  • Home
  • Politics
  • Entertainment
  • News
  • Interviews
  • Events
  • Fashion
  • Article
  • Lifestyle
  • Movies & TV
  • Music
What's Hot

Massive turnout as OmoBarca hosts Labour Party General Assembly in Ajeromi Ifelodun, traditional rulers in attendance

(Photos) Senator Samuel Anyanwu celebrates 60th birthday with launch of biography

Amazon founder Jeff Bezos weds Lauren Sánchez in Venice

Facebook X (Twitter) Instagram
  • Home
  • Politics
  • Entertainment
  • News
  • Interviews
  • Events
  • Fashion
  • Article
  • Lifestyle
  • Movies & TV
  • Music
Facebook X (Twitter) Instagram Pinterest
DAILY BLAST
Contact
HOT TOPICS
  • Home
  • Politics
  • Entertainment
  • News
  • Interviews
  • Events
  • Fashion
  • Article
  • Lifestyle
  • Movies & TV
  • Music
DAILY BLAST
You are at:Home»Politics»President Tinubu sacks NNPCL CEO Mele Kyari, appoints Bayo Ojulari
Politics

President Tinubu sacks NNPCL CEO Mele Kyari, appoints Bayo Ojulari

DailyblastBy DailyblastApril 2, 20250562 Mins Read
Share WhatsApp Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
Share
Facebook Twitter LinkedIn Pinterest Email WhatsApp Copy Link

President Bola Tinubu has approved a reconstitution of the Nigerian National Petroleum Company Limited (NNPCL) board, removing the chairman, Chief Pius Akinyelure and the group chief executive officer, Mele Kyari.

Presidential spokesman, Bayo Onanuga, in a statement, said President Tinubu removed all other board members appointed with Akinyelure and Kyari in November 2023.

Related posts:

  1. NNPCL boss, Mele Kyari loses 25-year-old daughter
  2. Fuel scarcity will varnish next week – NNPC GMD, Mele Kyari apologizes to Nigerians
  3. President Tinubu has expressed his desire to reshuffle his cabinet and he will do it – Bayo Onanuga
  4. Vice President Shettima summons petroleum minister, NNPCL boss, NSA over petrol price hike

“The new 11-man board has Engineer Bashir Bayo Ojulari as the Group CEO and Ahmadu Musa Kida as non-executive chairman,” Onanuga said.

Adedapo Segun, who replaced Umaru Isa Ajiya as the chief financial officer last November, has been appointed to the new board by President Tinubu.

Six board members, non-executive directors, represent the country’s geopolitical zones.

They are Bello Rabiu, North West, Yusuf Usman, North East, and Babs Omotowa, a former managing director of the Nigerian Liquified Natural Gas( NLNG), who represents North Central.

Tinubu appointed Austin Avuru as a non-executive director from the South-South, David Ige as a Non-executive director from the South West, and Henry Obih as a non-executive director from the South East.

“Mrs Lydia Shehu Jafiya, permanent secretary of the Federal Ministry of Finance, will represent the ministry on the new board, while Aminu Said Ahmed will represent the Ministry of Petroleum Resources,” he said.

“All the appointments are effective today, April 2.

“President Tinubu, invoking the powers granted under Section 59, subsection 2 of the Petroleum Industry Act, 2021, emphasised that the board’s restructuring is crucial for enhancing operational efficiency, restoring investor confidence, boosting local content, driving economic growth, and advancing gas commercialisation and diversification.

“President Tinubu also handed out an immediate action plan to the new board: to conduct a strategic portfolio review of NNPC-operated and Joint Venture Assets to ensure alignment with value maximisation objectives.

“Since 2023, the Tinubu administration has implemented oil sector reforms to attract investment. Last year, NNPC reported $17 billion in new investments within the sector. The administration now envisions increasing the investment to $30 billion by 2027 and $60 billion by 2030.

“The Tinubu administration targets raising oil production to two million barrels daily by 2027 and three million daily by 2030. Concurrently, the government wants gas production jacked to 8 billion cubic feet daily by 2027 and 10 billion cubic feet by 2030.
“Furthermore, President Tinubu expects the new board to elevate NNPC’s share of crude oil refining output to 200,000 barrels by 2027 and reach 500,000 by 2030.”

Post Views: 586
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram WhatsApp Copy Link
Previous ArticleSenator Natasha accuses Akpabio and Yahaya Bello of plotting her assassination
Next Article Nigerian woman arrested for trafficking daughter, others to Mauritania for N50,000
Dailyblast

Related Posts

Massive turnout as OmoBarca hosts Labour Party General Assembly in Ajeromi Ifelodun, traditional rulers in attendance

June 28, 2025

APC national chairman Abdullahi Ganduje resigns

June 27, 2025

President Tinubu signs four tax reform bills into law

June 27, 2025
Add A Comment

Comments are closed.

Recent Posts
  • Massive turnout as OmoBarca hosts Labour Party General Assembly in Ajeromi Ifelodun, traditional rulers in attendance June 28, 2025
  • (Photos) Senator Samuel Anyanwu celebrates 60th birthday with launch of biography June 28, 2025
  • Amazon founder Jeff Bezos weds Lauren Sánchez in Venice June 28, 2025
  • Nigeria’s public debt hits record N149.3trillion under Tinubu govt June 28, 2025
  • Billionaire Aminu Dantata dies at 94 June 28, 2025
Top Posts

(Video) female prison officer filmed having sex with inmate in London prison

June 29, 20241,435 Views

UNN suspends lecturer for allegedly impregnating four students

February 17, 20253,164 Views

(Photos) Blood bath in Ihiala as gunmen kill billionaire businessman, seven others while preparing for mother’s burial

January 2, 2025675 Views
Latest Reviews
Most Popular

(Video) female prison officer filmed having sex with inmate in London prison

June 29, 20241,435 Views

UNN suspends lecturer for allegedly impregnating four students

February 17, 20253,164 Views

(Photos) Blood bath in Ihiala as gunmen kill billionaire businessman, seven others while preparing for mother’s burial

January 2, 2025675 Views
Our Picks

Massive turnout as OmoBarca hosts Labour Party General Assembly in Ajeromi Ifelodun, traditional rulers in attendance

(Photos) Senator Samuel Anyanwu celebrates 60th birthday with launch of biography

Amazon founder Jeff Bezos weds Lauren Sánchez in Venice

© 2025
  • Privacy Policy
  • Contact

Type above and press Enter to search. Press Esc to cancel.