President Bola Ahmed Tinubu has made significant changes to the Nigerian National Petroleum Company (NNPC) Limited board, removing the chairman, Chief Pius Akinyelure, the group chief executive officer, Mallam Mele Kolo Kyari, and all other board members appointed in November 2023.

The new 11-man board, which President Tinubu handed out an immediate action plan to conduct a strategic portfolio review of NNPC-operated and Joint Venture Assets to ensure alignment with value maximisation objectives, features Engineer Bashir Bayo Ojulari as the Group CEO and Ahmadu Musa Kida as the non-executive chairman.

These appointments took effect on April 2, 2025, and President Tinubu expects the new board to elevate NNPC’s share of crude oil refining output to 200,000 barrels by 2027 and reach 500,000 by 2030.

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