NNPCL: Ojulari’s ambitious five-year $60bn investment agenda - Newstrends
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NNPCL: Ojulari’s ambitious five-year $60bn investment agenda

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NNPCL Group Chief Executive Officer (GCEO), Bayo Ojulari

NNPCL: Ojulari’s ambitious five-year $60bn investment agenda

On Thursday, the Nigerian National Petroleum Company Limited (NNPCL) unveiled an ambitious five-year growth and development agenda that will see it attracting $30 billion investments by 2027 and $60 billion by 2030.   Group Chief Executive Officer (GCEO), Bayo Ojulari, who assumed leadership of the NNPCL just two weeks ago on April 4, disclosed this and more to members of staff during a town hall meeting held at the NNPC Towers in Abuja. What happened that day can be described in other words as the unveiling of the agenda of the new sheriff at the NNPCL and the direction which he wants the national oil company to go in terms of focus, vision and developmental plans under his watch.

If the 48 year old national oil company, founded on April 1, 1977 has been crawling all these years, it has now announced its readiness not just to start walking but get into running mode, preparatory to flying.

In a detailed press statement signed by the Chief Corporate Communications Officer, Olufemi Soneye and made available to newsmen, Ojulari, the new set man at NNPCL was as clear and emphatic as he could possibly be when he declared that the NNPC Ltd under his stewardship aims to attract sectorial investments worth $30 billion by 2027 which it will ultimately scale up to $60 billion by 2030; raise crude oil production to over two million barrels per day which it hopes to sustain through 2027 and attain three million by 2030; expand refining output to 200kbpd by 2027, and 500kbpd by 2030; grow gas production to 10bcf per day by 2027, and 12bcf by 2030 and deepen energy access and affordability for all Nigerians. This is certainly sweet music to the ears.

o avoid sounding as if he would simply wave some magic wands to achieve these lofty targets, Ojulari spelt out what must be done to arrive at the Promised Land. According to him, the company will be focusing on reconfiguring its business structure for agility and value creation; conducting independent value assessments to inform data-driven decisions; enforcing a robust performance management framework; building transparent, value-aligned partnerships with all stakeholders and most critically, taking control of its narrative.

The GCEO was meticulous in explaining the imperativeness of pursuing the company’s bold and ambitious agenda. Ojulari declared that the targets are not just metrics, but indicators of hope, jobs, industrial growth, and energy security for millions of Nigerians.

Describing NNPC Ltd as a renewed, forward-facing, and future-ready  organisation that is proudly leading Nigeria’s energy transformation, Ojulari declared that “it’s time we tell our story—one of innovation, reform, and national pride.”

In what sounds like a new dawn at the NNPCL, Ojulari challenged the staff to be proud of NNPC Ltd’s recent transformation, stressing that the next journey to becoming a fully-fledged limited liability company will require a collective drive towards making NNPC more transparent, profitable and accountable.

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Ojulari then made a solemn pledge to give all employees the space to thrive and be able to outperform competitors in the oil industry, at least in Nigeria. “We will provide the best combination where the experienced and the young will both thrive towards achieving our set targets,” he assured.

He also did not overlook the work environment as he promised that his management will deepen collaboration with the company’s in-house and national unions to build a stronger, trust-based relationship that reflects shared purpose and mutual respect. He also called on all staff to lead with integrity, act with urgency, while bringing their very best to the table.

“We recognize that our greatest asset is our people. Our success will be powered by empowered employees. As such, we are fully committed to creating a workplace where everyone is valued, motivated, and inspired to thrive. Together, we will build a high-performing, globally competitive NNPC Ltd that is proudly Nigerian and proudly world-class,” Ojulari stated.

He vowed to pursue the company’s bold ambition and build an NNPC that will be the pride of all Nigerians.

“We stand at the gateway of a new era—one that demands courage, professionalism, and a relentless drive for excellence. 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 submitted.

Considering the pre-eminent position the NNPCL occupies in driving of the Nigerian economy, it would not be out of place to say that the appointment of Ojulari as the new GCEO of the national oil coy happened at the right time and marks a pivotal moment for Nigeria’s oil and gas sector. With a bold plan to attract $60 billion in investments over the next five years, Ojulari’s leadership is poised to significantly impact the nation’s economy, particularly in the context of President Bola Tinubu’s ambitious vision of transforming Nigeria into a trillion dollar economy. Ojulari’s multifaceted agenda which includes increasing oil production to 3 million barrels per day (bpd), increasing NNPCL’s crude refining capacity, enhancing gas production, and fostering a culture of accountability and transparency within the organization are all steps that should yield the desired result if pursued with the same vigour and passion with which they were reeled out, and there is no doubt that he would want to leave his foot print in the sands of time at the NNPCL.

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Ojulari’s planned strategy of ramping up oil production is to ensure that the NNPCL is able to not only meet domestic energy needs but also position Nigeria as a key player in the global oil market. This increase in production is essential for generating the revenue required to fund national development projects and social programs. Furthermore, it will create jobs and stimulate economic activities across various sectors, from transportation to manufacturing, thereby contributing to the overall growth of the economy.

In addition by prioritizing gas production, he aims to leverage the country’s vast reserves to meet both domestic and international demand. This focus on gas not only aligns with global energy transition trends but also provides an opportunity for Nigeria to continue to upscale its diversification of her energy portfolio. Increased gas production can lead to the establishment of gas-based industries, which can further drive economic growth and create employment opportunities.

An important point to note in Ojulari’s leadership philosophy is the emphasis on accountability and transparency. By fostering a culture of openness within NNPCL, he aims to rebuild trust with stakeholders, including investors, government agencies, and the public. This commitment to transparency is crucial for attracting the $60 billion in investments needed to realize his ambitious plans. Investors are more likely to commit capital to an organization that demonstrates integrity and a clear commitment to ethical practices. Moreover, accountability within the organization can lead to improved operational efficiency, reducing waste and enhancing profitability.

Staff motivation and welfare are also central to Ojulari’s agenda. Recognizing that a motivated workforce is essential for achieving organizational goals, he has vowed to implement initiatives that prioritize employee well-being and professional development. By investing in training and creating a conducive work environment, Ojulari aims to empower NNPCL employees to perform at their best. This focus on human capital development will not only enhance productivity but also foster loyalty and reduce human capital quick turnover, ultimately benefiting the organization and the economy at large.

Another critical aspect of Ojulari’s agenda is the plan to foster collaboration and dialogue with labor representatives. This approach certainly will engender a more harmonious and peaceful working environment, reducing the likelihood of industrial disputes that could disrupt operations and hinder progress.

What Nigerians are about to witness in Ojulari’s leadership at NNPCL promises to be a comprehensive and forward-thinking approach to the challenges facing Nigeria’s oil and gas sector. His plans to attract significant investment, increase production, and foster a culture of accountability and employee welfare are certainly essential if as a major player in the nation’s economy, President Bola Tinubu’s vision for a trillion dollar economy within a decade is to be realised. If he can effectively execute this vision, Ojulari certainly will not only transform NNPCL but also contribute significantly to Nigeria’s economic growth and development.

NNPCL: Ojulari’s ambitious five-year $60bn investment agenda

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Opinion

2027: Competence, Not Zoning, Should Decide Nigeria’s Next President — Imasuagbon

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Nigerians should look beyond ethnicity, region and the longstanding debate over rotational presidency when choosing the country’s next leader, according to a chieftain of the African Democratic Congress (ADC), Kenneth Imasuagbon.

The former Edo State governorship aspirant said the priority ahead of the 2027 election should be finding a president with the ability to confront Nigeria’s economic, security and infrastructure challenges.

Speaking to journalists in Benin, Imasuagbon argued that presidential rotation is not a requirement of the Nigerian Constitution and should therefore not outweigh the question of competence.

He said voters should be more concerned about replacing poor schools with better ones, improving healthcare and addressing hardship than debating where the next president comes from.

Imasuagbon specifically appealed to voters in the South to support former Vice President Atiku Abubakar, who is contesting the 2027 presidency on the ADC platform.

According to him, Atiku has demonstrated the experience and determination needed to improve the country, describing the former vice president as someone capable of promoting national unity and fairness.

He also accused the Bola Tinubu administration of worsening economic pressure through policies including the removal of fuel subsidy, while expressing concern about the condition of roads, electricity and other infrastructure.

Imasuagbon argued that the next administration must focus on practical improvements in areas such as power, transportation, employment, security and public services.

The ADC chieftain also dismissed the idea that the ruling All Progressives Congress (APC) would automatically benefit from its incumbency advantage in 2027.

He maintained that the electorate ultimately determines the outcome of an election, arguing that voters could change the political direction of the country if they were determined to do so.

Imasuagbon further criticised what he described as regional and ethnic considerations in the distribution of political appointments and opportunities, insisting that the next president should give Nigerians across different parts of the country a sense of belonging.

His comments come as political parties and their candidates intensify preparations for the 2027 presidential election.

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Lesson from Dotun Oladipo’s Brave Daughters, by Bamidele Johnson

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Lesson from Dotun Oladipo’s Brave Daughters, by Bamidele Johnson

 

I hope to grow old. I want to see my kids become real adults, find their own feet, make mistakes, recover from them, and perhaps one day complain that their own children are giving them grey hairs. I want that plainly stated before anything else, as everything that follows might read as a man agreeing to an early exit rather than a man simply being honest about the odds.

I want the decades. I want to become the grandfather who repeats the same stories until nobody bothers correcting him anymore. But wanting a thing and being granted are different things. The last year has made that difference harder to ignore than I would like. I have lost many friends recently to keep thinking that optimism is my natural resting state. Some of these men had better blood pressure than mine, better habits, better everything that is supposed to count. It did not save them.

There is no formula I know that reliably separates the men who make it to 70 from those who do not. Anyone who says he knows one is selling something. So, I do not assume that old age is an already booked destination. Even if I once did, which I doubt, the last three years have cured me of such an illusion. As such, I treat it as a hope rather than an expectation, and I have found that a more honest way to live.

It is exactly why I want something placed on record now, while I am still able to place things on record, rather than leave it for people to guess what my wishes were in the fog of a funeral week. If I do not make old bones, my children are not to be asked to read tributes at my funeral. Not one line, however short, however lovingly written.

This, for me, was settled today rather than re-opened. At Dotun Oladipo’s funeral service, his three daughters took turns to read their tributes to their dad, and I found myself watching them with awe. There was a kind of strength in them that I do not possess. It is the strength needed to stand in front of a hall brimming with grieving adults and speak about a man they have just lost. Forever. Strength, however, is not the same as ease. I could see plainly what that strength was costing them as they read. Their voices caught. Their composure held and then did not hold and then held again through sheer will.

In front of them, in the pews, men and women considerably older than them came undone in ways the girls themselves were somehow managing to resist. I went mightily close. Some of the sobbing was quiet, the type people try to fold into a handkerchief. Some of it was not quiet at all, the kind that announces itself whether or not you want it.

Those young women honoured their father with a grace that is beyond me. What they did was astonishing. So, what I am attempting is an observation of a custom I have now watched wound people. This was not the first time I had watched this particular ritual extract more than it should from people already running on fumes. I saw an earlier and harder version of it at a friend’s wake back in 2015.

The first son was called forward to read his father’s tribute, and he could not do it. He tried, but the words would not come, and he stood there in front of a crowd of mourners, with his grief simply refusing to organise itself into sentences. The officiating minister, rather than releasing him from the task, urged him to continue. I sat fizzing with sorrow and ire. He could not go on and, eventually, the minister accepted, but not before insisting a while longer than it should have reasonably taken. His younger brother was called up next, presumably on the theory that if one grieving son could not manage it, maybe another one could. He flunked it in the same way. Grief does not distribute itself more conveniently among siblings just because a programme has been printed and needs to be followed.

I have turned that memory over many times since, trying to work out why this part of the rites is treated as mandatory in the first place. I have not found a satisfying answer. Maybe it comes from a belief that a child’s words carry more weight than anyone else’s, which may even be true, but weight is exactly the problem when those carrying it are struggling to hold themselves together with nothing but adrenaline and the fear of dissolving in public.

Maybe it is simply inertia, the reason we still do a hundred things at funerals that nobody can explain the original purpose of. Either way, I have stopped looking for the justification. I no longer think one exists that is good enough to weigh against what I watched happen to that boy in 2015.

So, let this stand as my instruction rather than my preference, the kind of thing I would rather state plainly now than leave for my children to infer later from how uncertain I sound when the subject comes up in passing. If I do not get the old age I am hoping for, my children will not be asked to read a single word over my body. Someone else can speak for me. A friend, a stranger with a steadier voice and a smaller stake in the loss, anyone whose grief will not be quite so total that standing upright becomes almost impossible.

My children, of course, will sit in front and fall apart if that is what the day requires of them, but without the microphone. That, at least, is one small mercy I intend to arrange for them while I am still here to arrange it.

Dotun deserved every bit of the send-off his daughters gave him today, and I suspect he would have been the first to tell them to sit down and let someone else carry the weight for a while. He did not get a say in that, as none of us ever do once we are the ones being spoken of rather than the ones speaking. Rest well, Dotun. You raised three young women whose strength I will not soon forget. That alone says everything worth saying about the man you were.

 

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‘Tinubu Will Win Again in 2027’ — Charismatic Bishops’ Secretary

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‘Tinubu Will Win Again in 2027’ — Charismatic Bishops’ Secretary

A senior Nigerian cleric, Archbishop Chivir Chianson, has declared that President Bola Tinubu will retain the presidency after the 2027 general election, attributing the prediction to a message he said came from God.

Chianson, who serves as Secretary General of the Charismatic Bishops’ Conference of Nigeria, made the statement while appearing on Arise Television on Saturday.

Rather than basing his prediction on political calculations, the archbishop said his confidence came from what he described as the prophetic role of bishops.

He maintained that the conference had previously spoken about Tinubu’s political future based on what he said was divine revelation and that the President would return for another term.

Chianson also predicted that Tinubu’s performance would improve if he wins the 2027 election.

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Addressing the political opposition, the cleric said the bishops could not be blamed if rival parties failed to unite or organise themselves effectively ahead of the election.

He also sought to clarify the position of the bishops when dealing with government, saying their role in speaking truth to power did not mean they should approach political leaders with hostility or disrespect.

According to him, the Constitution, alongside their religious convictions, should guide how they engage the President and the country.

Chianson said he was sufficiently confident in his prediction to promise that he would return to the Arise TV studio after the 2027 election, when he expects the result to demonstrate that the bishops’ prophecy was correct.

His comments add a religious dimension to the increasingly active political conversation surrounding the 2027 presidential race.

‘Tinubu Will Win Again in 2027’ — Charismatic Bishops’ Secretary

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