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Presidency Reveals Why Tinubu Fired NNPC Boss Kyari
The Presidency has clarified the reasons behind President Bola Tinubu’s decision to sack Mele Kyari as the Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company (NNPC) Limited and dissolve its board.....KINDLY READ THE FULL STORY HERE▶
According to Daniel Bwala, the Special Adviser to the President on Policy Communication, the decision was driven by a need for fresh perspectives and leadership within NNPC. Bwala, speaking via his account on Wednesday, explained that reports of a crisis of confidence within the company and the broader oil and gas sector prompted the leadership change.
Bwala emphasized that the restructuring of NNPC’s board is both timely and strategic. He highlighted that addressing the company’s challenges required a new mindset, citing a famous quote by Albert Einstein: “To solve a problem, you need to approach it with a different mindset and perspective than the one that led to its creation.”
President Tinubu’s move to appoint Bayo Ojulari, an experienced oil and gas professional, as the new GCEO reflects his commitment to enhancing the NNPC’s operational efficiency and commercial viability. The changes, effective April 2, 2025, are part of a broader strategy to restore investor confidence in the sector.
Furthermore, Ahmadu Musa Kida has been appointed as the new non-executive chairman, replacing Pius Akinyelure. In addition, six non-executive directors representing Nigeria’s geopolitical zones have been appointed to the NNPC board.
This leadership overhaul follows Tinubu’s decision to exercise his powers under Section 59(2) of the Petroleum Industry Act (PIA) 2021, aimed at making NNPC more commercially viable and efficient. The Presidency affirms that the changes are crucial for the nation’s oil and gas industry to regain stability and progress.
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