The People's Wellbeing Association has praised NNPC CEO Bayo Ojulari for his efforts to reform the state-owned oil company. The association's spokesman, Abba Abubakar, commended Ojulari's commitment to transparency and commercial discipline in a statement released on Monday in Abuja.
Abubakar cited Ojulari's reforms and operational achievements since his appointment in April 2025 as evidence of the company's progress. He noted that despite facing opposition from "greedy oil thieves," Ojulari has remained steadfast in his commitment to transparency and commercial discipline.
Under Ojulari's leadership, NNPC has achieved significant milestones in its upstream, midstream, and downstream operations. The company's upstream subsidiary has recorded a daily crude oil production level of 355,000 barrels, the highest in 36 years, surpassing the level last recorded in 1989. This achievement has strengthened national output performance and enhanced foreign exchange earnings.
Abubakar also commended Ojulari for introducing modern delegation of authority and delegation of financial authority frameworks, which have improved decision-making efficiency, accountability, and internal governance standards. Governance reforms were further strengthened through the creation of chief compliance and chief sustainability offices.
The association has raised concerns about pipeline surveillance contracts, urging President Bola Tinubu not to renew existing arrangements without carrying other stakeholders along. They demand fairness and equitable distribution of pipeline surveillance contracts among Niger Delta stakeholders, arguing that this would foster peace, enhance security, and ensure host communities derive maximum benefits from oil and gas operations.
The NNPC's recent reforms under Bayo Ojulari's leadership demonstrate a commitment to transparency and commercial discipline. However, the association's call for fairness in pipeline surveillance contracts highlights the need for more equitable distribution of benefits among Niger Delta stakeholders. This is particularly relevant given the significant revenue generated from oil and gas operations in the region. By urging President Tinubu to reconsider existing pipeline surveillance contracts, the association is pushing for a more inclusive approach that prioritizes the needs and concerns of host communities.
