NNPC Defends Ojulari's Performance, Welcomes Public Scrutiny
NNPC has defended Bayo Ojulari's performance, citing a six per cent increase in crude oil production, while clarifying that the company has no regulatory role in oil licensing rounds.
The Nigerian National Petroleum Company Limited has welcomed public scrutiny of its operations, while defending the performance of its Group Chief Executive Officer, Bayo Ojulari, citing increased crude oil production under his leadership.
The clarification followed recent reports attributed to the Oil and Gas Professionals Forum, which questioned the company's leadership over the recently concluded oil licensing round conducted by the Nigerian Upstream Petroleum Regulatory Commission.
NNPC's Chief Corporate Communications Officer, Andy Odeh, said the company remained committed to transparency, accountability, adding that it would continue to engage openly on its operations.
Odeh clarified that NNPC had no regulatory or allocative authority over the licensing round, noting that the Petroleum Industry Act places responsibility for conducting oil licensing rounds, allocating oil blocks on the NUPRC.
On production, NNPC said available data showed crude oil output had increased from an average of 1.60 million barrels per day in April 2025 to 1.67 million barrels per day by April 2026, representing about six per cent growth.
The company said the figures were contained in its publicly available monthly performance reports, maintaining that the improvement reflected progress under Ojulari's leadership.
Related stories
News
Geregu Defaults on N40bn Bond Payment Months After Otedola’s Exit
Geregu Power has defaulted on a N40.09bn bond payment as its profit plunges 88%, months after Femi Otedola sold his majority stake in the power firm.
News
Tax Revenue Hits N27tn After 113% Surge in Three Years
Nigeria’s tax revenue has risen 113% to N27.1tn in three years, with the revenue service linking the surge to tax reforms, digitisation and stronger enforcement.
News
Awujale: Fusengbuwa Ruling House Removes Three Leaders Over Alleged Fraud
The Fusengbuwa Ruling House removes three leaders over alleged bribery, document manipulation and procedural breaches in the selection of the next Awujale.
News
Lagos-Calabar Coastal Highway: 147 Structures to Be Affected by Service Lane
President Tinubu says 147 structures in Lagos will be affected by the Lagos-Calabar Coastal Highway service lane, with compensation promised where necessary.
Comments (0)
Leave a comment
All comments are moderated before publishing. Your email is never published.