Tinubu Sacks Mele Kyari, appoints the new president, CEO of NNPCL – Thage

President Bola Ahmed Tinubu approved a vast reconstitution of the Board of Directors of the National Petroleum Company (NNPC), removing the president, the leader Pio Akinelure and the CEO of the Mallam Mele Kolo Kyari group.

President Tinubu has removed all the other members of the Board of Directors appointed with Akinyelure and Kyari in November 2023, according to the Consultant of the Special Presidential Presidents, Bayo Onanuga on Wednesday.

He said that the new advice of 11 men has engineer Bashir Bayo Ojulari as CEO of the group and Ahmadu Musa Kida as non -executive president.

Adedapo Segun, who replaced Umaru Isa Ajiya as Chief Financial Officer last November, was appointed in the new advice by President Tinubu.

Six members of the Board of Directors, non -executive directors, represent the geopolitical areas of the country. I am beautiful Rabiu, North West, Yusuf Usman, North East and Babs Omotowa, former CEO of Nigerian Liquifisso natural gas (NLNG), which represents North Central.

President Tinubu appointed Austin Avuru as non-executive director of the South-South, David Ige as non-executive director of the South-West and Henry Obih as non-executive director of the South-East.

Mrs. Lydia Shehu Jafiya, permanent secretary of the Federal Ministry of Finance, will represent the Ministry of the New Council, while Aminu has said that Ahmed will represent the Ministry of Petrolled resources.

All appointments are effective today, April 2nd.

The president Tinubu, invoking the powers granted pursuant to section 59, subsection 2 of the Petroleum Industry Act, 2021, underlined that the renovation of the Council is crucial to improve operational efficiency, restore the trust of investors, enhance local content, guide economic growth and advance the marketing and diversification of gas.

President Tinubu also distributed an immediate action plan to the new Council: to conduct a strategic review of the portfolio of the activities operated and joint venture in NNPC to ensure alignment with the objectives of maximization of the value.

Since 2023, the Tinubu administration has implemented the reforms of the oil sector to attract investments. Last year, NNPC recorded $ 17 billion in new investments in the sector. The administration now provides to increase investment to $ 30 billion by 2027 and $ 60 billion by 2030.

The Tinubu administration turns to raise the production of oil for two million barrels every day by 2027 and three million a day by 2030. At the same time, the government wants the production of gas to have been taken to 8 billion cubic feet every day by 2027 and 10 billion cubic feet by 2030.

In addition, President Tinubbu provides that the new Council elevates the NNPC share of the production of refining crude oil to 200,000 barrels by 2027 and reaches 500,000 by 2030.

The new president of the board of directors, Ahmadu Musa Kida, is from the state of Borno. He is a pupil of Ahmadu Bello University, Zaria, where he obtained a degree in Civil Engineering in 1984. He also obtained a post -world diploma in oil engineering at the Institut Francaise du Petrol (IFP) in Paris

He began his career in the oil industry at the Elf Petroleum Nigeria and subsequently entered total exploration and production as an engineer of the trainee in 1985.

Musa became the total deputy CEO of Nigeria of Services for Deep Water in 2015. Last year, it became an independent non-executive director at the Pan Ocean-NewCross group.

Apart from his career in the oil sector, Ahmadu Musa Kida is a former basketball and the President of the Council of the Nigerian Basket Federation (Nbbf).

Ojulari, the new CEO of NNPC Limited Group, comes from the state of Kwara. Until his new appointment, he was executive vice president and operational director of the Renaissance Africa Energy Company. His Renaissance recently guided a consortium of indigenous energy companies in the acquisition of reference of the entire shareholding in the Shell Petroleum Development Company of Nigeria (SPDC), for a value of $ 2.4 billion.

Like Kida, Ojulari is also a pupil of Ahmadu Bello University, Zaria. He graduated in Mechanical Engineering. He worked for Elf Aquitaine as the first Nigerian process engineer to start a stellar career in the oil sector. From Elf, he entered Shell Petroleum Development Company of Nigeria Ltd in 1991 as an associated production technologist.

In addition to working in Nigeria, he worked in Europe and the Middle East in different skills such as oil and production engineer, strategic planner, field developer and asset manager. In 2015, he became CEO of the Shell Nigeria Exploration and Production Company (Snepco).

During his career, he was president and member of the Foundation Council of the Society of Petroleum Engineers (SPI Nigerian Council) and a member of the company of Nigerian engineers.

The president Tinubu thanked the old members of the Council for their service dedicated to NNPC Limited, in particular their efforts in the rehabilitation of the old refineries of Port Harcourt and Warri, who have allowed them to resume the production of oil products after prolonged arrests. He wished them well in their future efforts.

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