Nigeria’s oil sector faces a critical crossroads as President Bola Tinubu appoints Bashir Ojulari as the new Group CEO of NNPC Ltd. With over three decades of experience in the oil and gas industry, Ojulari’s leadership signals a desperate attempt to address the country’s declining oil production and underperforming refineries. His appointment comes at a time when Nigeria, Africa’s largest crude oil producer, struggles to meet its OPEC quotas and relies heavily on imported refined products despite vast crude reserves. The new leadership faces immense challenges, including aging infrastructure, security threats, and the global shift toward cleaner energy sources.
Ojulari’s first task is to conduct a strategic portfolio review to optimize NNPC’s operations, boost oil production, and reduce fuel import dependency. His extensive international experience, particularly in managing Shell’s Nigerian operations, makes him well-equipped to navigate these challenges. The appointment of Ahmadu Musa Kida as Chairman, a seasoned oil and gas expert, further strengthens the leadership team tasked with reshaping Nigeria’s energy future. With the clock ticking on urgent reforms, the nation looks to Ojulari and Kida for a way forward.
https://lk-99kor.blogspot.com/2025/04/nigerias-oil-industry-faces-urgent.html
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