President Bola Ahmed Tinubu has reconstituted the board of the Nigerian National Petroleum Company NNPC Limited, removing Chairman Chief Pius Akinyelure and Group CEO Mallam Mele Kyari, alongside other members appointed in November 2023.
In the sweeping shake-up, Tinubu appointed Ahmadu Musa Kida as Non-Executive Chairman and Engineer Bashir Bayo Ojulari as Group CEO. The 11-member board also includes representatives from all geopolitical zones, with a mandate to enhance efficiency, restore investor confidence, and drive oil and gas sector growth.
The restructuring, effective April 2, is part of Tinubu’s push for oil sector reforms, with targets of increasing oil production to three million barrels daily by 2030 and boosting refining capacity.
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