The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC) has pledged to attract $30 billion worth of investments by 2027 and grow that to $60 billion by 2030.
Bashir Ojulari unfolded his bold ambitions at a town hall meeting with NNPC staff in Abuja.
These include increasing crude oil production to over two million barrels per day, sustained through 2027, and three million by 2030.
According to a statement released Friday by the NNPC's Chief Corporate Communications Officer, Olufemi Soneye, Ojulari also said the company will expand its refining output to 200kbpd by 2027 and 500kbpd by 2030.
Other goals are growing gas production to 10 billion cubic feet (bcf) per day by 2027, and 12 bcf by 2030, in addition to deepening energy access and affordability for all Nigerians.
“The task before us is great, yet the opportunity to redefine Nigeria’s energy future is even greater," the statement quoted Ojulari as saying.
"Now is the time to turn our transformation promise into performance.
“To achieve these targets, the company will be focusing on reconfiguring its business structure for agility and value creation; conducting independent value assessments to inform data-driven decisions and enforcing a robust performance management framework.
“The company will build transparent, value-aligned partnerships with all stakeholders, and most critically, take control of its narrative,” it added.
The Group CEO said the targets are not just metrics, but indicators of hope, jobs, industrial growth, and energy security for millions of Nigerians.
He pledged to empower the NNPC's employees to outperform competitors.
