President Bola Tinubu has restructured the Nigerian National Petroleum Company (NNPC) Limited, appointing Bashir Ojulari as the new Group Chief Executive Officer and Ahmadu Kida as the Non-Executive Chairman.
This decision, conveyed by the President’s Special Adviser on Information & Strategy, Bayo Onanuga, was made in accordance with Section 59, subsection 2 of the Petroleum Industry Act, 2021.
The restructuring aims to improve the company’s operational efficiency, restore investor confidence, boost local content, and drive economic growth through gas commercialization and diversification.
The move resulted in the removal of the previous Chairman, Pius Akinyelure, and Group CEO, Mele Kyari, along with all other board members appointed in November 2023.
Read Also: Tinubu Sacks Kyari As NNPC Boss, Removes Board Members, Appoints Replacements
Bashir Ojulari, the newly appointed Group CEO, is from Kwara State and previously served as Executive Vice President and Chief Operating Officer of Renaissance Africa Energy Company.
He played a key role in Renaissance’s recent $2.4 billion acquisition of Shell’s Nigerian assets.
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An alumnus of Ahmadu Bello University, Ojulari holds a degree in Mechanical Engineering and has a long career in the oil sector, including positions at Elf Aquitaine and Shell Petroleum Development Company of Nigeria Ltd., with experience in Nigeria, Europe, and the Middle East.
His career highlights include serving as Managing Director of Shell Nigeria Exploration and Production Company (SNEPCO) and holding leadership positions in the Society of Petroleum Engineers and the Nigerian Society of Engineers.
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