Bayo Ojulari: Nigeria's Bola Tinubu names ex-Shell boss to head NNPC in major overhaul
In its statement announcing the NNPC restructure, the presidency said Tinubu wishes to boost Nigeria's oil output and refining capability.Nigeria's oil production slowed to less than a million barrels per day in 2023, news agency AFP reported.Tinubu's administration wants to hit two million barrels per day of oil by 2027 and three million barrels per day by 2030.Tasked with executing this mission, Mr Ojulari replaces former NNPC boss Mele Kyari.Mr Ojulari joined Shell Nigeria 1991 and during his 24 years there, he held roles within the country as well as Europe and the Middle East.Mr Ojulari rose to become the Managing Director of Shell, a position he held for six years. He left the company in 2021 to join the investment advisory organisation BAT Advisory and Energy Company.He then moved to Renaissance Africa Energy Company last year.
More stories on Nigeria's oil industry:
Oil clean-up 'scam' warnings ignored by Shell, whistleblower tells BBCWhy Nigerians are praying for the success of a new refineryNigeria's stolen oil, the military and a man named Government
Go to BBCAfrica.com for more news from the African continent.Follow us on Twitter @BBCAfrica, on Facebook at BBC Africa or on Instagram at bbcafrica
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