Tinubu Sacks NNPCL Boss Kyari, Appoints Ojulari as Replacement in Major Shake-Up | #NwokeukwuMascot

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In a sweeping overhaul of the Nigerian National Petroleum Company Limited (NNPCL), President Bola Ahmed Tinubu has removed the Group Chief Executive Officer (GCEO), Mele Kyari, and the Chairman of the board, Pius Akinyelure.


The announcement, made in the early hours of Wednesday by Tinubu’s Special Adviser on Information and Strategy, Bayo Onanuga, also confirmed the appointment of Engineer Bashir Bayo Ojulari as the new GCEO, effective immediately. Ahmadu Musa Kida has been named the non-executive chairman of the board.




President Tinubu’s directive extends beyond the removal of Kyari and Akinyelure. The entire board appointed alongside them in November 2023 has been dissolved, paving the way for a reconstituted 11-member board.


The newly appointed board members include:


  • Group CEO: Engineer Bashir Bayo Ojulari
  • Non-Executive Chairman: Ahmadu Musa Kida
  • Chief Financial Officer: Adedapo Segun (retained from the previous board)
  • Non-Executive Directors Representing Geopolitical Zones:
    • Bello Rabiu (North West)
    • Yusuf Usman (North East)
    • Babs Omotowa (North Central)
    • Austin Avuru (South-South)
    • David Ige (South West)
    • Henry Obih (South East)

  • Government Representatives:
    • Lydia Shehu Jafiya (Permanent Secretary, Federal Ministry of Finance)
    • Aminu Ahmed (Representative, Ministry of Petroleum Resources)



All appointments take effect from April 2, 2025.




Citing Section 59(2) of the Petroleum Industry Act (PIA) 2021, Tinubu emphasized that the restructuring is aimed at enhancing operational efficiency, restoring investor confidence, boosting local content, driving economic growth, and accelerating gas commercialisation and diversification.


In a bold directive to the new board, the President mandated an immediate strategic portfolio review of NNPC-operated and joint venture assets to align them with value-maximization objectives.


Since 2023, the Tinubu administration has been pursuing aggressive reforms in the oil sector. According to Onanuga, NNPCL secured $17 billion in new investments in 2024, with a target of $30 billion by 2027 and $60 billion by 2030. The administration also aims to increase crude oil production to two million barrels per day by 2027 and three million by 2030, while gas production is expected to reach 8 billion cubic feet daily by 2027 and 10 billion by 2030.


Additionally, Tinubu has set an ambitious target for NNPCL’s refining output: 200,000 barrels per day by 2027 and 500,000 by 2030.



Profiles of the New NNPCL Leaders




Ahmadu Musa Kida (Board Chairman)



Hailing from Borno State (North East), Kida is an experienced oil industry executive with a civil engineering degree from Ahmadu Bello University, Zaria, and a postgraduate diploma in petroleum engineering from the Institut Francaise du Petrol, Paris.


He started his career at Elf Petroleum Nigeria before joining Total Exploration and Production, where he rose to become Deputy Managing Director of Deep Water Services in 2015. In 2024, he was appointed Independent Non-Executive Director at Pan Ocean-Newcross Group.


Beyond the oil sector, Kida is a former basketball player and a former President of the Nigerian Basketball Federation (NBBF).



Ojulari, from Kwara State (North Central), brings a wealth of experience to his new role. Before his appointment, he was Executive Vice President and Chief Operating Officer of Renaissance Africa Energy Company, where he led a $2.4 billion acquisition of Shell Petroleum Development Company’s assets in Nigeria.


A graduate of Mechanical Engineering from Ahmadu Bello University, Zaria, Ojulari began his career at Elf Aquitaine as Nigeria’s first process engineer. In 1991, he joined Shell Petroleum Development Company of Nigeria Ltd, serving in various technical and managerial roles across Nigeria, Europe, and the Middle East.


By 2015, he was appointed Managing Director of Shell Nigeria Exploration and Production Company. He has also served as Chairman of the Society of Petroleum Engineers (SPE Nigerian Council) and is a Fellow of the Nigerian Society of Engineers.




In a concluding note, President Tinubu thanked the outgoing board members for their service, particularly their efforts in rehabilitating the Port Harcourt and Warri refineries, which recently resumed production after years of inactivity.


He wished them well in their future endeavors.




Tinubu’s latest restructuring has drawn attention to the regional composition of the new leadership. Notably, both the new NNPCL CEO (Ojulari) and the new Chairman (Kida) hail from the Northern part of Nigeria—a factor that is already sparking discussions on regional balance in key national appointments.




While the Presidency has not commented on this aspect, industry analysts believe the shake-up could mark a pivotal shift in the operational direction of NNPCL, with a greater emphasis on attracting foreign investment and expanding local refining capacity.




The coming months will determine the effectiveness of this new leadership in steering Nigeria’s oil and gas sector toward greater productivity and profitability.


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