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From Adewale Sanyaolu, Houston, Texas
The Group Chief Executive Officer of (GCEO) of the Nigerian National Petroleum Company Limited, Mr. Bayo Ojulari, has declared that execution discipline—not policy or potential—will determine the company’s success over the next decade, as Nigeria accelerates efforts to reposition its energy sector.
The GCEO stated this at CERAWeek Leadership Dialogue session organised by S&P Global in Houston,Texas.
Ojulari said the national oil company has moved decisively from reform to delivery following its transition into a commercially driven entity under the 2021 industry reforms.
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“We have the resources, the market and a more investible environment. What matters now is execution—delivering projects on time, on budget and at performance,” he stated.
He explained that NNPC’s evolution from a government-funded corporation into a competitive commercial enterprise is now firmly underway, with the focus shifting to measurable results.
He added that a full portfolio review has been completed, and engagements with global partners—including ExxonMobil, Chevron, Shell, TotalEnergies and ENI—have been reset to rebuild trust and unlock stalled investments. “That effort is already yielding results, with key projects advancing toward Final Investment Decisions and long-standing disputes resolved, signaling renewed investor confidence in Nigeria’s energy sector,”.
