Ojulari's NNPCL Reforms Enhance Trust in Tinubu's Government

The Centre for Reforms and Good Governance (CRGG) has reported that the reforms implemented at the Nigerian National Petroleum Company Limited (NNPCL) since Engr. Bashir Bayo Ojulari's appointment as Group Chief Executive Officer on April 2, 2025, have significantly enhanced public confidence in President Bola Ahmed Tinubu's administration. The CRGG, through its Executive Director Maxwell Onazi, highlighted NNPCL's financial performance for the first half of 2026, which included a revenue of ₦19.04 trillion and a profit after tax of ₦2.28 trillion.

Statutory remittances to the Federation Account reached ₦6.286 trillion in the same period, increasing to ₦7.913 trillion by the end of July, with a notable single-month payment of ₦1.627 trillion in July. The CRGG noted a marked improvement in financial transparency compared to previous years.

Additionally, national crude oil output exceeded 1.7 million barrels per day, peaking at 1.73 million barrels per day, while gas production reached 7,841 million standard cubic feet per day. Ojulari's leadership also resulted in savings of $3.4 billion through contract reviews and operational optimizations.