NNPC Executive Emphasizes Benefits of Competition in Downstream Petroleum Sector

Bayo Ojulari, NNPC's Group Chief Executive, emphasizes the advantages of heightened competition in Nigeria's downstream petroleum sector during a meeting with President Bola Tinubu in Lagos. He mentions the shift towards full competition benefiting consumers despite market pressures.

Ojulari acknowledges the need for stability amid initial friction, foreseeing tangible gains for buyers and sellers. He also outlines NNPC's improved performance in 2025, with increased oil and gas output, attributing the progress to structural changes within the organization, including advancements in the Ajaokuta-Kaduna-Kano gas pipeline project.