NNPCL's Ojulari Receives Praise for Oil Sector Reforms

A coalition of civil society organizations, led by the Parliamentary Support Network, commended Bashir Bayo Ojulari, Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), for tangible progress in the oil and gas sector during a press conference on October 16. They cited the 2025 Audited Financial Statements, which showed a Profit After Tax of ₦7.2 trillion, a 33 percent increase from the previous year, and dividends of ₦5.8 trillion.

Crude oil production reached a five-year high of 1.77 million barrels per day. The coalition also highlighted a nationwide fuel discount initiative funded by NNPCL's retail margin, launched to celebrate Nigeria's 66th Independence Anniversary.

They acknowledged ongoing challenges but expressed confidence in Ojulari's leadership and urged a focus on production growth, cost discipline, and transparent governance. The organizations called for support from legislators and regulators to build on the gains achieved.