Nigerian President Bola Ahmed Tinubu
Power play signals change in Nigeria
With a new board appointed to lead NNPC and moves by President Tinubu to exert control in the Delta region, there is renewed hope the country will be able to turn the corner and rebuild production to former peaks
Newly installed CEO of Nigerian National Petroleum Company (NNPC), Bashir Bayo Ojulari, has pledged to attract $60b and hike crude output to 3m b/d by 2030 as part of a firm commitment by the country’s leadership to reassert control over its oil and gas sector and double down on reform. Early April saw the replacement of the state energy company’s management with a new, experienced team that includes former Shell executive Ojulari, replacing sitting CEO Mele Kyari and ten other members of the board. With the new NNPC leadership confronted by multiple challenges, this is a critical period for Nigeria’s oil and gas sector. President Bola Tinubu said the overhaul of the board was necessary
Also in this section
24 December 2025
As activity in the US Gulf has stagnated at a lower level, the government is taking steps to encourage fresh exploration and bolster field development work
23 December 2025
The new government has brought stability and security to the country, with the door now open to international investment
23 December 2025
A third wave of LNG supply is coming, and with it a likely oversupply of the fuel by 2028
22 December 2025
Weakening climate resolve in the developed world and rapidly growing demand in developing countries means peak oil is still a long way away
