The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Bayo Ojulari, has revealed that the company is under attack from forces opposed to its ongoing transformation efforts.
Ojulari made this disclosure while hosting the leadership of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) at the NNPC Towers on Thursday in Abuja.
According to Ojulari, the company’s management will not succumb to short-term pressure, as it prioritises the long-term interests of Nigerians.
He also emphasised that change comes with a price and that the transformation process is tough.
Ojulari further reaffirmed his commitment to the mandate given by President Bola Ahmed Tinubu, focusing on reviving Nigeria’s refineries under the Incorporated Joint Venture (IJV) model.
He said five months as GCEO, was to ensure sustainable operations rather than temporary fixes.
He said, “Mr President doesn’t pressure me to do the wrong thing. That is why we are looking at the baseline to ensure whatever we are doing, the refineries work sustainably going forward.”
Ojulari emphasised that the company’s pipelines were now working, and crude oil theft has significantly decreased, leading to increased production.
In his remarks, PENGASSAN President Festus Osifo praised NNPC’s management for its partnership during the 2025 PENGASSAN Energy and Labour Summit in Abuja.
He commended the progress recorded under Ojulari’s leadership, noting improvements in crude oil production and reductions in oil theft.
Osifo assured that PENGASSAN was solidly behind the NNPC management and would collaborate to ensure stability in the system.
The NNPCL has made significant progress in reducing crude oil theft and improving production.
Despite these challenges, the NNPCL remained committed to its transformation efforts and delivering on its mandate..
