Bashir Bayo Ojulari, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd), has announced an ambitious plan aimed at transforming the company’s operations and impact on the Nigerian economy.
Gatekeepers News reports that during a townhall meeting at the NNPC Towers in Abuja, he outlined targets that include attracting sectoral investments of $30 billion by 2027 and $60 billion by 2030. Furthermore, he aims to increase crude oil production to over 2 million barrels per day by 2027, with a goal of reaching 3 million barrels per day by 2030.
In addition to these production targets, Ojulari highlighted plans to expand refining capacity, aiming for an output of 200,000 barrels per day by 2027 and 500,000 barrels per day by 2030. The company also plans to enhance gas production to 10 billion cubic feet per day by 2027, increasing it to 12 billion cubic feet per day by 2030. A key focus will be on improving energy access and affordability for all Nigerians.
To achieve these targets, NNPC Ltd will implement a range of strategic initiatives. This includes reconfiguring the company’s business structure for greater agility and value creation, conducting independent assessments to inform decision-making, and establishing a strong performance management framework. Additionally, the company aims to foster transparent and value-aligned partnerships with stakeholders while taking proactive control of its narrative.
Ojulari emphasized the importance of these ambitious goals, stating that they represent not just metrics, but also indicators of hope, job creation, industrial growth, and enhanced energy security for millions of Nigerians.
Describing NNPC Ltd as a renewed, forward-facing, and future-ready organisation that is leading Nigeria’s energy transformation, Ojulari said “it’s time we tell our story—one of innovation, reform, and national pride.
“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 said in a statement signed by Olufemi Soneye, the chief Corporate Communications Officer, NNPC Ltd.
He charged 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 the collective drive towards making NNPC more transparent, profitable and accountable.
“We will provide the best combination where the experienced and the young will both thrive towards achieving our set targets.
“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 concluded.
