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

African parents are dream killers – Billionaire businessman, Cosmas Maduka

Leakages, compromises, logistics challenges responsible for last week’s late night examination – WAEC tells Reps committee

Atiku, Amaechi, El-Rufai desperate for power – APC

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: 547
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

Atiku, Amaechi, El-Rufai desperate for power – APC

June 3, 2025

Fela’s Movement of the People condemns INEC for refusal to register the party

June 3, 2025

Ground rent: Wike hits back at Bode George, Says ‘Stay at home if you’re idle’

June 3, 2025
Add A Comment

Comments are closed.

Recent Posts
  • African parents are dream killers – Billionaire businessman, Cosmas Maduka June 3, 2025
  • Leakages, compromises, logistics challenges responsible for last week’s late night examination – WAEC tells Reps committee June 3, 2025
  • Atiku, Amaechi, El-Rufai desperate for power – APC June 3, 2025
  • Former Mr. Nigeria Deji Bakare presents “Èkó Stitch to Fame Nigeria,” an Exciting Tailoring Competition June 3, 2025
  • Linc Edochie’s new wife tackles Nigerians trolling her June 3, 2025
Top Posts

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

June 29, 20241,248 Views

UNN suspends lecturer for allegedly impregnating four students

February 17, 20253,097 Views

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

January 2, 2025615 Views
Latest Reviews
Most Popular

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

June 29, 20241,248 Views

UNN suspends lecturer for allegedly impregnating four students

February 17, 20253,097 Views

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

January 2, 2025615 Views
Our Picks

African parents are dream killers – Billionaire businessman, Cosmas Maduka

Leakages, compromises, logistics challenges responsible for last week’s late night examination – WAEC tells Reps committee

Atiku, Amaechi, El-Rufai desperate for power – APC

© 2025
  • Privacy Policy
  • Contact

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