Opinion
Mystery of Dangote Refinery in Nigerian oil politics – Farooq Kperogi

Mystery of Dangote Refinery in Nigerian oil politics – Farooq Kperogi
Many Nigerians invested hopes in the Dangote Refinery and thought it would bring stability to Nigeria’s chaotic petroleum industry. But on the cusp of its coming on stream, it began to be dogged by regulatory and other kinds of puzzling troubles from the Bola Ahmed Tinubu administration.
Why is a refinery that is supposed to be a shining light of domestic investment stymied by needless state-sanctioned controversies?
We sought answers to our question on August 31 during an impassioned and insightful two-hour discussion in the third edition of the Diaspora Dialogues, a monthly discussion show organized by Dr. Osmund Agbo, Professor Moses Ochonu, and I, which attracted scores of attendees.
My colleagues and I are by no means experts in the oil industry. That was why Professor Ochonu, who anchored the discussion, first did extensive documentary research to establish the background to the issue and later invited contributions from the audience. Although more than 10,000 people watched the discussion from my Facebook livestream, our Zoom could only contain 100 people at a time.
In response to multiple requests from people who missed the show, I offer a summary of the conversation in this week’s column in light of the continuing centrality of the issues we discussed, especially as Nigeria grapples with yet any steep petrol price hike amid availability struggles in spite of the coming on stream of the Dangote Refinery.
The Dangote Refinery began test production this week and was, according to Aliko Dangote, ready to roll out its petrol right way, but it still faced the challenge of securing enough crude locally to feed its 650,000-barrels-per-day-capacity refinery.
Prof. Ochonu, in his background to the issues, pointed out that one or more possibilities could explain why the Dangote Refinery was stuck in prolonged gestation: the NNPC and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) wanted to withhold crude from Dangote to sabotage the refinery, or they wanted to punish him on behalf of the present administration for allegedly supporting Tinubu’s rival during the 2023 presidential election, or they didn’t have the crude to supply to Dangote and wanted to use the ludicrous and false excuses and propaganda of “substandard products,” “no license,” and non-completion to cover the fact that they were not able to supply crude to Dangote.
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It also seemed, Prof. Ochonu added, that the NNPC and International Oil Companies (IOCs), NNPC’s joint venture partners, are not able to guarantee supply of crude to Dangote for even more tragic reasons.
He pointed to the fact that two successive APC governments have mortgaged much of Nigeria’s 1.5 million bpd production to secure so-called crude-backed loans running into billions of dollars, which have to be repaid with future crude production. It started with Buhari and continues with Tinubu.
Ochonu’s research revealed that the NNPC and the NUPRC wanted to continue exporting crude because such transactions are done in dollars and are shady dealings involving middlemen, bribes, cuts, and layers of profiteering.
Even though the Petroleum Industry Act (PIA) mandates the NUPRC to ensure the supply of crude to local refinery as a priority over export, the NUPRC claimed that they could not compel the IOCs to supply Dangote because the IOC’s had signed prior crude supply contracts with buyers overseas, some of whom financed their crude extraction operations in Nigeria. The IOCs, the NUPRC claimed, would be in violation of those contracts if they supplied Dangote with crude.
Mr. Dan Kunle, a respected oil industry expert and former Senior Technical Adviser to a past Minister of Petroleum Resources, in his contribution, said perhaps the reluctance of the NNPC and NUPRC to supply Dangote crude stemmed from their hope that it would derail the refinery because if Dangote started production, they’d no longer have a reason to export the 450, 000 bpd set aside for local refineries, which has been exported since the local state refineries stopped functioning over a decade ago.
Tinubu’s directive to the NNPC to sell crude to Dangote in naira is a welcome development if implemented, but the key questions are: 1) Where is the crude (650,000 needed by Dangote) going to come from when export contracts and crude-backed loan obligations have already been signed by government and its oil industry entities? 2) Will the NNPC comply with the directive, which reduces its lucrative crude export business?
The show raised several pertinent questions that arise from the accusations and counter-accusations between Dangote and government entities trying to sabotage his refinery:
One, how much of Nigeria’s daily crude production has been committed to creditors who loaned the Buhari and Tinubu administrations billions?
Two, how has the 450,000 crude set aside for domestic refining been handled over the years? According to Mr. Kunle, the NNPC exports these 450,000 barrels because local refineries are currently comatose.
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In what they call crude swap deals, the crude is then refined abroad and resold to Nigeria as petrol. But as Kunle asked during the show, apart from the petrol derived from it, what’s been happening to the other derivatives from the refining process—diesel, kerosene, etc.? The NNPC has never given Nigerians an account of these derivatives. If they’re sold, to whom are they sold and how much has been realized over these decades?
Three, how much fuel do Nigerians consume daily? The NNPC and its subsidiaries bandy around outlandish figures that are disputed by industry experts. Kunle said during the show that one of the potential benefits of Dangote’s refinery is that it will reveal the true, accurate numbers regarding Nigeria’s daily fuel consumption/demand, which will potentially expose one layer of fraud in the fuel importation regime, where many industry experts have long suspected that the importation cabal have been inflating Nigeria’s daily fuel needs to submit false invoices that rely on the bogus consumption claims.
Four, why would Nigeria’s oil law, the PIA, not trump and supersede whatever other contracts and laws NNPC and IOCS have entered into? The PIA clearly authorizes the NNPC to prioritize the crude needs of local refineries such as Dangote and other smaller ones, whose combined daily crude need is put at 597,700 barrels per day (bpd)?
Five, when will the allegedly refurbished Port Harcourt and Warri refineries commence operations (the NNPC has postponed the commencement of operations three times now, with the last postponement done to the end of August), and where will the crude come from and at what price (dollar or naira, subsidized or prevailing international price?).
Professor Ochonu pivoted to the possible motives and identities of people who might have a personal or business investment in killing the Dangote Refinery. He named three.
The first, he said, are the honchos at the NNPC and oil regulating agencies. Their motive, he pointed out, is to maintain the status quo of lucrative and fraudulent fuel importation and crude export businesses.
The second, he pointed out, is the Tinubu government. The motive might be to sabotage a businessman who allegedly funded Tinubu’s opponent during last year’s presidential election.
Another motive, Prof. Ochonu added, might be to protect the rapidly expanding midstream and downstream dominance of Tinubu family-owned OANDO in the Nigerian oil industry. Dangote would be a direct and massive competitor.
The third entities Prof. Ochonu identified were a conspiracy of international oil refineries and a crude-buying and fuel-marketing cabal. He called attention to a report by investigative journalist David Hundeyin that blew the lid on a campaign by a Western oil cabal against Dangote refinery.
The oil company offered to pay Hundeyin and perhaps local journalists to write stories against Dangote using a prepared script of environmentalism and environmental protection, which is a clear ruse to hide their true motive of wanting to maintain the status quo of their purchase of Nigerian crude, refining it poorly below European standards, and re-exporting it to Nigeria at massive profits.
A US-based Nigerian engineer and industry expert by the name of Dr. Muhammad Kabir Hassan, corroborated Hundeyin’s claims during the show.
The final issue tackled in the show had to do with the scandal of NNPC retail (NNPCL) purchasing a company named OVH (OANDO, Velar, Helios).
The OVH scandal is related to what is happening to Dangote because, after allegedly purchasing OVH (for how much, no one knows and commenters on the show said NNPC owes Nigerians an explanation and the transaction numbers), the NNPC then turned around and inexplicably asked a judge to dissolve its retail arm (NNPCL-Retail) and then, in a move that should be a first in history, turned over all of its retail operations (fuel stations and depots all over the country) to OVH to run.
This means that OVH staff and managers have replaced NNPCL staff at all NNPC fuel stations, which have now been rebranded as OVH. OVH, of course, emerged only a few years ago as a result of a merger involving OANDO, Velar, and Helios (hence the acronym). All three were small players in the retail (downstream) sector of the Nigerian oil industry, but with tentacles in fuel importation.
Dr. Hassan enjoined Nigerian journalists to investigate the true ownership of OVH at the Corporate Affairs Commission, the amount NNPC paid for OVH, the terms of the sale, and what, if any, benefits are accruing to OANDO, Tinubu’s family business, from NNPC’s purchase of OVH and its surrender of its sprawling retail business to the acquired entity.
The show is curated on my Facebook page for people who want to watch it.
Mystery of Dangote Refinery in Nigerian oil politics – Farooq Kperogi
Farooq Kperogi is a renowned Nigerian columnist and United States-based Professor of Media Studies.
Opinion
Farooq Kperogi: In 2027, Tinubu won’t win; the opposition will lose

Farooq Kperogi: In 2027, Tinubu won’t win; the opposition will lose
If economic health, social vitality, and the raw pulse of public opinion were the only indicators relied upon to prognosticate the chances of President Bola Ahmed Tinubu’s reelection in 2027, I would say with cocksure certitude that he is condemned to be a one-term president.
Not even the most hopelessly unthinking defenders of the Tinubu presidency can deny that his reign so far has been defined by unrelieved economic hardship, staggering inflation, a collapsing naira, and a deepening sense of despair among Nigerians. In other words, the objective conditions for his political repudiation are overripe.
Nonetheless, elections, especially in Nigeria, are not won on the basis of public frustration alone. They are won — or lost — on the strength of political organization, elite consensus, strategic emotional manipulation, and the ability to convert popular anger into electoral mathematics. Call those the subjective conditions of electoral triumph, if you like. And this is where the tragedy of the opposition begins.
The opposition is undisciplined, hopelessly spineless, irredeemably fragmented, strategically bankrupt, and is falling cheaply into the trap set for it by Tinubu.
First, the opposition is shaping up to be disappointingly provincial. It is dominated by elements from a slice of the North that seems to be suffering from withdrawal symptoms from loss of political power. This is reminiscent of the narrow-minded opposition to former President Olusegun Obasanjo’s second term, which helped him to create a coalition of southern Nigerian, Christian northerners, along with portions of the North that felt excluded from the regional mainstream.
Perhaps the most egregious expression of naïve, historically inaccurate, self-sabotaging provincial self-importance from the region came five days ago from Dr. Hakeem Baba-Ahmed, a former appointee of the Tinubu administration who, before his sojourn in the administration, was a higher-up at the Northern Elders’ Forum.
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“In the next six months, the North will decide where it stands,” Dr. Baba-Ahmed said in a viral post. “If the rest of the country wants to join us, fine. If not, we will go our own way. One thing is clear: nobody can become president of Nigeria without northern support.”
Well, Olusegun Obasanjo was elected for a second term in 2003 without “northern” support. I inserted scare quotes around “northern” because, although Baba-Hakeem appeared to be ecumenical in his conception of the North (he referenced “Muslims, Christians, Fulani, Baju, Mangu” — the Baju and Mangu being ethnic groups from southern Kaduna and Plateau — indicating pan-Northernism), we all know that the North has never been a monolith and is often riven by religion.
When people like Baba-Ahmed talk of the “North” in such tyrannizing, self-aggrandizing terms, they often mean a particular part of the North.
Obasanjo deployed the perks of incumbency to mobilize the entire South, appeal to the Christian North, and to make offers to parts of the Muslim North that Muhammadu Buhari didn’t consider “northern” enough to deserve his electoral entreaties. Even if the election wasn’t rigged, Buhari didn’t stand a ghost of a chance of winning the 2003 election.
Former President Goodluck Jonathan used Obasanjo’s 2003 template in 2011 to defeat Muhammadu Buhari. But in 2015, Jonathan lost the Southwest to Buhari, which led to Jonathan’s loss and Buhari’s epochal, unexampled triumph.
This shows that no region can win a national election without the other, making Baba-Hakeem’s self-lionizing boast a rhetorical gift to Bola Tinubu. We’re already seeing its effect.
Several southerners who are wriggling in the torment of Tinubu’s economic policies have chosen to rather live with the sting of his policies than embrace the provincial arrogance of people like Baba-Ahmed who arrogate to themselves the exclusive power to determine who is president and who isn’t.
Similarly, in Nigeria’s informal power-sharing arrangement, the expectation is that after eight years of a northern presidency that ended in 2023, no northerner should be president again for the next eight years. But the northern opposition to Tinubu seems to be anchored on a desire for premature power grab back to the North.
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Unless the northern politicians who have stuck out their necks to oppose Tinubu support another southerner with widespread appeal, their opposition will only strengthen Tinubu’s southern coalition and buy him sympathy from parts of the north that don’t enjoy regional political hegemony.
This is particularly so because since the start of the Fourth Republic, the South has never expressed opposition to northern presidencies by sponsoring southern candidates. The South supported Atiku Abubakar, a northerner, in 2019. Umar Musa Yar’adua’s main opponent in 2007 wasn’t a southerner. It was Muhammadu Buhari, a northerner.
But when it was the South’s turn to get presidential power in 2023, the North presented a formidable candidate in the PDP. In fact, the APC hierarchy, with the support of Muhammadu Buhari, settled on former Senate President Ahmad Lawan as the “consensus candidate.” That was embarrassing.
Already, there are insinuations that PDP governors who are defecting to APC are doing so not just because they are being bludgeoned into it through subtle EFCC prosecutorial threats but also because they fear that their party’s standard-bearer in 2027 will be a northerner.
I understand the dilemma of the northern politicians in opposition. Should they support a southern candidate to dislodge Tinubu, such a candidate would, as sure as tomorrow’s date, seek a second term. That would defer the presidential aspirations of the northern politicians by eight years instead of four.
If they sit by listlessly as Tinubu shoves them to the margins of the orbit of power, they will be like fish flailing out of water. They will be so disoriented and weakened that by the time presidential power drifts back to the North, they probably won’t even have the strength to fight for a place.
Northern opposition politicians like Nasir El-Rufai also don’t seem to realize that the Social Democratic Party (SDP) they have embraced as the vehicle to displace Tinubu is, in fact, Tinubu’s spare car.
It is fully fueled, tuned, and parked in his garage for contingencies. As early as April 2022, BusinessDay reported that Tinubu had opened backchannel talks with the SDP and explored it as a fallback platform in case his APC ambitions stalled.
In other words, the opposition is not commandeering an independent vehicle; they are clambering into a car whose engine hums to Tinubu’s touch and whose keys he can reclaim at will. They are, quite literally, riding shotgun in a machine built for their defeat. Unfortunately, he has also hijacked their car, the PDP!
Adewole Adebayo, SDP’s 2023 presidential candidate, unintentionally echoed this sentiment a few days ago when he used the metaphor of a car to send a not-so-subtle dig at El-Rufai.
“As for the coalition, we’re listening to them,” Adebayo said. “What we don’t want to be—we don’t want to be a get-away car for a conspiracy and robbery we did not plan. So, if you planned something somewhere and you want to use the SDP as a get-away car, that’s not available.”
Adebayo added another pointed dart to El-Rufai when he said, “if the coalition is a crying center for disappointed Tinubu followers, they should go back to Tinubu who gave the promise to them and resolve their differences there.”
In the end, Bola Ahmed Tinubu’s greatest electoral asset may not be the loyalty of the masses, the success of his policies, or even the cunning of his political machinery. It may well be the disarray, hubris, provincialism, and strategic myopia of his opposition.
They are too divided to form a coalition, too impatient to build trust across regions, and too blinded by immediate resentments to think in terms of long-term electoral triumph.
In 2027, Tinubu may stagger into a second term not because he inspires, but because he survives; not because he triumphs, but because those who should have dethroned him will, through a toxic mix of arrogance and amateurism, hand him victory on a silver platter.
It won’t be Tinubu who wins; it will be the opposition that loses. And Nigeria, trapped in the wreckage of broken possibilities, will pay the price.
Farooq Kperogi: In 2027, Tinubu won’t win; the opposition will lose
Farooq Kperogi is a renowned Nigerian columnist and United States-based Professor of Journalism.
Opinion
Islamic Forum: Essentially, who is the successful person on earth? By Afis A. Oladosu

Islamic Forum: Essentially, who is the successful person on earth? By Afis A. Oladosu
It was only a couple of days ago. I was busy as usual, and as expected of any believer, reading and rereading the Qur’an to discover, not how knowledgeable I was of and about its inner contents and latent meanings, but how ignorant I remain of its wonderful world. Yes. I am always happy to plead my ignorance of the emeralds and treasures that nest in each word and each ayat (sign) in the Last Testament (The Qur’an).
I know that no single exegesis and not one exegete has succeeded in explaining what, for example, the letter ‘Wa’ or the letter ‘Sin’ in the Qur’an means and could mean. Whenever you come to Chapter 36 of this wonderful scripture and you read Yasin, the only choice it offers you is to bask and bounce in the unknowability of its real import and signification.
In other words, despite their best efforts, the Qur’anic exegesis of al-Asyuti, Ibn Kathir, Fakhr al-Din al-Razi, al-Zamakhashari, and others are incurably far behind the inexhaustible data about and of this world furnished by the Qur’an, especially in relation to the continuities and changes in the contemporary period. Whereas the letters and the semiotics of the Qur’an remain unchanged and unchangeable, we are therefore fated, and perpetually too, to seek new meanings from our realities while being guided by divine ministrations.
Thus, it came to pass that I found myself in Surat Hud, ayat 108 where the Almighty says: “And as for those who are successful, they shall abide in paradise as long as the heavens and the earth endure; unless Your Lord may will otherwise…”. As soon as I read this ayat, my mind became flooded with a series of questions: essentially who are the successful ones? How can I be one of them? How do we determine success here on earth and what parameters has the Qur’an laid down with which extraterrestrial success would be determined?
The above question became urgent for me when I remembered those things usually considered as indices for earthly success in our world today. To be successful, today, as it was many years ago, is to have huge material comforts; and to have large families – children: boys and girls. To be successful is to have huge bank balances; to be an owner of big estates; to be the consort of beautiful women in the city.
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Yes. Earthly success is also often determined by status – being the CEO, the manager, the CMD. They are deemed successful those we refer to today as your excellencies, the (dis)honourables, your majesties etc.
Earthly success is also associational in nature. Whereas a man may have less than his friends, he may, however, consider himself successful having friends with big ‘fat pockets’, heads of corporate organisations and leaders in public governance. Our sense of self-worth is often a function of what they are worth; who is she, who is he, who are they! We glorify ourselves in the illusion of our ‘’closeness’’ to people in whose reality we are worth nothing!!!
Taken together as a problem, it is axiomatic that earthly successes, especially those defined by humans using others as parameters, are soapy, greasy and slippery. They are contingent, not immanent; just like sexual gratification, they depend on their realisation, the presence or intervention of the other who could be a compassionate benefactor or a querulous iniquitor.
Earthly successes are also transient. They are fated to the incertitudes and vicissitudes of time. What you consider a factor of success today could be a factor for failure tomorrow. Status and stations of life that often give false notions of terrestrial successes are usually ephemeral and transient.
Then I remembered my village. I remembered our fathers and their fathers, who considered themselves successful each time they contemplated how large their families were. I realised that they were no longer there in our homestead. The last time I went there, the question that crept into my mind was – “where are we?”
Many decades ago, we were over 30 children living together, and happily too, in that compound. But today, we are no more there! Our big compound has become a mansion for lizards; they have become boulevards for ants and termites! We have left our past behind us. Or rather, the past has left us for the future! Or rather, the Owner of the past and the present has caused that familiar and inimitable change such that what constituted success in the past no longer finds any bearing and meaning in the present
Where then lies permanent success? It lies, unequivocally, in holding firmly to the fundamentals of our faith in line with Quran 23: 1-10. It lies in being Muslim when being the other is the easiest option available to you! Eternal success is guaranteed only to those who come to their Lord on the day of resurrection and their hearts are pure and free of iniquities (Qur’an 26: 89).
Islamic Forum: Essentially, who is the successful person on earth? By Afis A. Oladosu
Opinion
NNPCL: Ojulari’s ambitious five-year $60bn investment agenda

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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