The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited has unveiled an ambitious growth plan for the company, stating that under his leadership, NNPC aims to secure $30 billion in sectoral investments by 2027, increasing to $60 billion by 2030.
In addition, the company is targeting a steady crude oil production level of over 2 million barrels per day through 2027, with plans to reach 3 million barrels per day by 2030.
Ojulari made this disclosure during a townhall meeting held on Thursday at the NNPC Towers in Abuja, where he unveiled his agenda as the company’s chief executive.
He outlined plans to expand refining capacity to 200,000 barrels per day by 2027 and 500,000 bpd by 2030.
Also, he aims to grow gas production to 10 billion cubic feet per day by 2027 and 12 bcf by 2030, while deepening energy access and affordability for all Nigerians.
To deliver on these targets, he said the company will prioritize restructuring its operations for agility and value creation, carrying out independent value assessments to guide data-driven decisions, implementing a strong performance management system, fostering transparent and strategic partnerships with stakeholders, and, most importantly, owning and shaping its narrative.
Emphasizing the importance of pursuing the company’s bold ambitions, the Group CEO stated that the targets are more than just numbers—they represent hope, job creation, industrial growth, and energy security for millions of Nigerians.
Ojulari said “it’s time we tell our story—one of innovation, reform, and national pride.
“We stand at the gateway of a new era—one that demands courage, professionalism, and a relentless drive for excellence. The task before us is great, yet the opportunity to redefine Nigeria’s energy future is even greater. Now is the time to turn our transformation promise into performance,” Ojulari said in a statement signed by Olufemi Soneye, the chief Corporate Communications Officer, NNPC Ltd.
He urged staff to take pride in NNPC Ltd’s recent transformation, emphasizing that the next phase—becoming a fully-fledged limited liability company—will demand a united commitment to making NNPC more transparent, profitable, and accountable.
“We will provide the best combination where the experienced and the young will both thrive towards achieving our set targets.
“We recognize that our greatest asset is our people. Our success will be powered by empowered employees. As such, we are fully committed to creating a workplace where everyone is valued, motivated, and inspired to thrive. Together, we will build a high-performing, globally competitive NNPC Ltd that is proudly Nigerian and proudly world-class,” Ojulari concluded.
