A new senior management team consisting of eight members has been appointed by the Nigerian National Petroleum Company (NNPC) Limited.
This comes three days after President Bola Tinubu appointed the NNPC board of directors and group chief executive officer (GCEO).
In a statement on Friday, Femi Soneye, NNPC’s spokesperson, said the team will be headed by Bayo Ojulari, NNPC’s GCEO.
The team, according to the statement, has Rowland Ewubare, as group chief operating officer, and Adedapo Segun as group chief finance officer.
Others include Olalekan Ogunleye, as executive vice-president gas, power and new energy; Udy Ntia, executive vice-president upstream; Mumuni Dagazau, executive vice-president downstream; Sophia Mbakwe, executive vice-president business services; and Adesuwa Dozie, company secretary and chief legal officer.
Following their appointment on April 2, the new board of directors were tasked 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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“This restructuring is aimed at repositioning NNPC Limited for greater productivity and efficiency in line with global best practices. We are taking bold steps to transform the company into a more commercially driven and transparent entity,” the statement reads.
The government also aims to raise crude oil production to two million barrels daily by 2027 and three million by 2030, alongside a gas production goal of eight billion cubic feet daily by 2027 and 10 billion cubic feet by 2030.
