Who is the New CEO of Nigeria's National Oil Company Appointed by President Bola Tinubu?
18:47 02.04.2025 (Updated: 18:48 02.04.2025)
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Nigerian President Bola Tinubu restructured the 11-member board of the national oil company, removing the previous non-executive chairman, CEO and all other members appointed by them in November 2023, the presidency said.
Nigerian President Bola Tinubu named Shell unit's ex-executive, Bashir Bayo Ojulari, CEO of the Nigerian National Petroleum Company (NNPC), the presidency said in a statement.
"He [Ojulari] joined Shell Petroleum Development Company of Nigeria in 1991 as an associate production technologist. In 2015, he became the managing director of Shell Nigeria Exploration and Production Company," the statement read.
Key details to know about Ojulari:
Born in western Nigeria's Kwara state, Ojulari is a graduate of Ahmadu Bello University, with a degree in mechanical engineering;
He has worked in Nigeria, Europe and the Middle East in various capacities as a petroleum process and production engineer, strategic planner, field developer and asset manager;
During his career, he was chairman and member of the board of trustees of the Nigerian Society of Petroleum Engineers and a fellow of the Nigerian Society of Engineers;
Ojulari joined Shell Petroleum Development Company of Nigeria (SPDC) in 1991 as an associate production technologist;
In 2015, he became the managing director of Shell Nigeria Exploration and Production Company;
Until his new appointment, Ojulari was CEO of Renaissance Africa Energy Company, which has recently led a consortium of indigenous energy firms in the landmark acquisition of the entire equity holding in the SPDC, worth $2.4 billion.
The board's restructuring aims to enhance operational efficiency, restore investor confidence, boost local content, drive economic growth, and advance gas commercialization, President Tinubu emphasized.
