NNPC charts new global path with strategic partnerships, transparency push, and sweeping reforms under Ojulari

Nigeria’s state-owned energy company, NNPC Limited, is advancing a new direction focused on global competitiveness, operational transparency, and long-term sustainability, as its Group Chief Executive Officer, Bashir Bayo Ojulari, presents a detailed account of progress across key areas of the organisation.

In a statement shared via his official X (formerly Twitter) platform, Ojulari noted that the company has achieved measurable improvements over the past year in production, financial performance, infrastructure, and organisational culture. He emphasised that the report is not limited to performance metrics but also reflects accountability to Nigerians and signals deeper reforms underway.
Global Expansion and Market Penetration
A major component of NNPC’s transformation strategy is its strong push into international markets and strategic partnerships.
The company secured shipping partnerships with global energy logistics firms such as Stena Bulk and Sonangol, aimed at strengthening crude oil transportation, optimising export routes, and enhancing Nigeria’s position in the global oil market.
To diversify its crude portfolio, NNPC introduced and exported a new crude grade, Cawthorne, expanding Nigeria’s offerings and improving competitiveness among international buyers.
The company also broadened its downstream footprint by extending its Oleum lubricant brand across the West African subregion, reflecting a deliberate effort to capture regional market share and build a stronger commercial presence beyond Nigeria.
Unlocking Investments and Strategic Partnerships
NNPC’s reform efforts are further demonstrated in its drive to unlock stalled investments and deepen collaborations.
Under the OML 118 Production Sharing Contract, the company secured presidential approval for targeted fiscal incentives to resolve bottlenecks delaying the Final Investment Decision on the Bonga South West Aparo project. This move is expected to accelerate one of Nigeria’s key deepwater oil projects and increase future production capacity.
The company also maintained crude oil supply to the Dangote Refinery under the Federal Government’s “crude-for-naira” initiative, designed to support domestic refining, ease foreign exchange pressure, and stabilise the energy supply chain.
In the gas sector, NNPC signed a tripartite Memorandum of Understanding with China Gas Holdings Ltd and Peiyang Chemical Singapore PTE Ltd. The agreement is expected to unlock Nigeria’s vast gas reserves, boost industrial utilisation, and strengthen the country’s position in the global gas market.
Transparency and Financial Discipline
In an industry often criticised for lack of transparency, NNPC’s renewed focus on openness represents a significant shift.
The company reinstated its monthly performance reporting framework, ensuring regular disclosures of operational and financial activities. It also held its first-ever earnings call in November 2025, aligning with global standards for corporate accountability and investor engagement.
Additionally, NNPC resumed full monthly remittances to the Federation Account Allocation Committee (FAAC) and has sustained consistent payments since July 2025, reinforcing its importance as a key contributor to government revenue.
People, Culture, and Institutional Reforms
Internally, NNPC is undergoing a broad transformation to improve efficiency, accountability, and performance.
The company strengthened its Health, Safety, and Environment framework, embedding stricter governance and operational discipline, with further improvements planned for 2026.
As part of its talent development efforts, NNPC recruited 1,000 new employees, known as “The Tigers,” to inject fresh expertise into the workforce. This is supported by a new performance management system aimed at driving results and accountability across all levels.
The launch of the Women in NNPC (WIN) programme also highlights a commitment to diversity and inclusion, promoting female leadership and wider participation within the organisation.
Fit4Future: Repositioning for Global Competitiveness
Central to the transformation agenda is the “Fit4Future” initiative, an internal restructuring programme designed to position NNPC Limited as a profit-driven and globally competitive energy company.
The initiative focuses on building an enterprise-first mindset, improving execution capabilities, driving profitable growth, and establishing NNPC as a trusted partner in the global energy market.
A Shift Toward Accountability
Ojulari stressed that the company’s achievements go beyond operational success, highlighting the importance of rebuilding trust with Nigerians.
He reaffirmed NNPC Limited’s commitment to purposeful leadership, value delivery, and supporting Nigeria’s economic transformation through a more transparent, efficient, and sustainable energy sector.
As Nigeria navigates energy transition challenges and global market pressures, NNPC’s evolving strategy reflects a clear shift toward reform, resilience, and long-term value creation.
NNPC Limited highlighted significant progress in global partnerships, market expansion, transparency, and organisational reforms, reinforcing its dedication to accountability and sustainable energy growth in Nigeria.