See more as NNPC new management sets ambitious targets

• NNPC Limited has a caller absorption squad that volition beryllium led by the caller Group Chief Executive Officer (GCEO), Bayo Ojulari
• The lipid institution has present acceptable an ambitious concern target, and besides crude lipid accumulation by 2030
• Ojulari has pledged structural reforms, worker empowerment, and partnerships to thrust transparency

Legit.ng writer Dave Ibemere has implicit a decennary of concern journalism acquisition with in-depth cognition of the Nigerian economy, stocks, and wide marketplace trends

The Nigerian National Petroleum Company (NNPC) Limited's caller enactment has unveiled ambitious plans to alteration the nation's vigor scenery and thrust economical growth.

At a caller municipality hallway gathering held astatine the NNPC Tower successful Abuja, Bayo Ojulari, the recently appointed Group Chief Executive Officer, outlined strategical targets that underscore the company's imaginativeness for the adjacent decade.

Bayo Ojulari is the caller Group Chief Executive Officer (GCEO) of NNPC Limited. Photo credit: nnpcllimited
Source: Facebook

Ojulari announced that NNPC aims to pull $30 billion successful sectoral investments by 2027, with a consequent summation to $60 cardinal by 2030.

These investments are poised to bolster Nigeria's lipid and state sector, enhancing accumulation capabilities and infrastructure development.

NNPC ambitious

Central to NNPC's strategical roadmap is the extremity to summation crude lipid accumulation to implicit 2 cardinal barrels per time by 2027, and further escalate to 3 cardinal barrels per time by 2030. Concurrently, the institution plans to grow its refining capableness to 200,000 barrels per time by 2027, and ambitiously scope 500,000 barrels per time by 2030.

In a connection by Olufemi Soneye, NNPC's Chief Corporate Communications Officer, Ojulari emphasised the imperative of enhancing state production, targeting 10 cardinal cubic feet per time by 2027, and scaling up to 12 cardinal cubic feet per time by 2030.

These efforts align with NNPC's committedness to ensuring vigor entree and affordability crossed Nigeria.

To execute these milestones, NNPC volition acquisition structural reconfiguration to heighten agility and worth creation.

The institution plans to behaviour autarkic worth assessments to usher data-driven decisions, enforce a robust show absorption framework, and foster transparent, value-aligned partnerships with stakeholders.

Ojulari underscored the value of NNPC taking power of its narrative, positioning itself arsenic a catalyst for innovation and nationalist pridefulness successful Nigeria's energy sector, BusinessDay reports.

There is simply a occupation up for the NNPC's caller absorption team Photo credit: nnpclimited
Source: Twitter

Ojulari shares plans for NNPC

Addressing NNPC staff, Ojulari expressed gratitude for the accidental to pb the organization, describing NNPC arsenic pivotal to Nigeria's economical future.

He urged employees to instrumentality pridefulness successful NNPC's ongoing translation and emphasized the value of transparency, profitability, and accountability arsenic the institution transitions into a fully-fledged constricted liability entity Leadership reports.

Ojulari pledged to cultivate an situation wherever some seasoned professionals and young endowment can thrive, fostering collaboration and spot crossed each levels of the organisation.

He emphasised the relation of integrity, urgency, and excellence successful achieving NNPC's strategical objectives, highlighting that worker empowerment is integral to the company's success.

Mr. Ojulari affirmed:

"We admit that our top plus is our people. Together, we volition physique a high-performing, globally competitory NNPC Limited that is proudly Nigerian and world-class."

FG gives 47 refinery licences

Ealier, Legit.ng reported that the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has issued 47 refinery licences successful 1 year.

The main enforcement of NMDPRA, Farouk Ahmed, said the licences see 47 LTE and 30 LTC facilities.

He said the combined capableness of the refineries is astir 3 cardinal barrels per time and is aimed astatine ensuring vigor security.

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Source: Legit.ng