The Group Chief Executive Officer (GCEO) of NNPC Limited, Bayo Ojulari, has emphasized the company’s commitment to transparency, accountability, and performance-driven communication.
Speaking at the November 24 Media Parley in Abuja, Ojulari said the engagement marked a new phase in NNPC Limited’s evolving corporate culture, one rooted in open exchange with stakeholders.
Group Chief Executive Officer (GCEO), Bayo Ojulari
The session followed the company’s 2024 Annual General Meeting (AGM) and an earlier earnings call with financial analysts, where its latest performance indicators were reviewed.
Ojulari disclosed that NNPC Limited recorded a Profit After Tax (PAT) of ₦5.4 trillion and ₦45.1 trillion in revenue for the 2024 financial year — the strongest financial performance in the company’s history.
According to him, the impressive outcome was driven by enhanced operational efficiency across assets, the impact of downstream market reforms, and disciplined cost management. “The results we unveiled today are more than balance sheets. They embody discipline, progress, and the dedication of our teams nationwide,” he said.
With its strengthened financial position, NNPC Limited is accelerating strategic national energy projects. These include key gas infrastructure such as the Ajaokuta-Kaduna-Kano (AKK) Pipeline and the Obiafu-Obrikom-Oben (OB3) Pipeline, both of which are expected to unlock a gas-driven economy. The company is also reviewing the technical and commercial viability of Nigeria’s refineries to enhance domestic energy security.
Ojulari added that NNPC Limited is pursuing a $60 billion investment pipeline aimed at expanding oil and gas output, with a target to raise crude oil production to 3 million barrels per day by 2030 and increase gas production to 12 billion cubic feet per day.
Describing the session as his first-ever media engagement in a relaxed, interactive format, Ojulari urged journalists to ask tough questions and scrutinize the company’s decisions. He emphasized that the media remains central to shaping public perception and ensuring clarity around the company’s direction.
“I have one request,” he said. “Let us keep this open, forthright, and constructive.”
The GCEO reaffirmed NNPC Limited’s commitment to continuous dialogue as it pushes forward with transformative energy goals.
Post Views: 1
