In a significant move that’s stirred conversation across the energy sector, the Nigerian government has announced a complete overhaul of the Nigerian National Petroleum Company Limited (NNPCL) board. This leadership shake-up comes as the country seeks to reposition itself in an increasingly competitive and evolving global energy market.
Among the key appointments is Mr. Ahmadu Musa Kida, who now serves as the Board Chairman of NNPCL. Joining him at the helm is Engr. Bashir Bayo Ojulari, named as the Group Chief Executive Officer (GCEO), alongside other newly selected board members.
Reacting to the appointments, the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has issued a strong call to action. In a statement released through his media adviser, Nneamaka Okafor, the minister highlighted the urgency and importance of this leadership change.
“This fresh leadership is not just symbolic—it’s a strategic move to realign NNPCL with the realities of today’s global energy demands,” Lokpobiri stated.
He expressed confidence that the newly appointed executives bring the right mix of experience and innovation needed to push Nigeria’s oil and gas industry forward.
“With the expertise of Mr. Kida, Engr. Ojulari, and other board members, I’m optimistic that NNPCL will not only meet but exceed our national energy targets,” the minister added.
Minister Lokpobiri also emphasized the Ministry of Petroleum Resources' full support for the new board, signaling a strong commitment to partnership and shared goals. He encouraged collaboration across the industry—from upstream producers to downstream operators.
“Our mission is clear: to boost production, unlock value across the petroleum value chain, and ensure long-term sustainability for the sector,” Lokpobiri said.
He also made a passionate appeal to industry stakeholders, investors, and international partners, urging them to throw their weight behind the new management team.
This leadership change follows a sweeping decision by President Bola Ahmed Tinubu, who recently dissolved the previous NNPCL board, including the former CEO, Mele Kyari. The move, described by analysts as a bold reset, is aimed at injecting new momentum into the sector.
The appointment of Mr. Kida and Engr. Ojulari is being seen as a clear signal that the federal government intends to take the NNPCL in a new, performance-driven direction—one focused on innovation, accountability, and international competitiveness.
As Africa’s largest oil producer, Nigeria’s energy sector plays a vital role in shaping its economy. However, challenges like underinvestment, crude theft, pipeline vandalism, and global market volatility have hampered growth. With a new leadership team in place, many hope this marks the beginning of a turnaround.
If the new board delivers on its mandate, Nigeria could see an uptick in foreign investment, increased crude output, and improved downstream infrastructure—key pillars for long-term sector growth.
The spotlight is now on the newly appointed NNPCL executives. With high expectations and strong government backing, their performance in the coming months will be crucial in determining whether this reshuffle brings real transformation—or just more of the same.
One thing’s certain: Nigeria’s energy future is at a crossroads, and all eyes are watching.