Bashir Bayo Ojulari - BBO

I will be speaking at ADIPEC on "Nigeria's Reform Agenda: Competing for Energy Capital." The reforms are showing in the results: crude output at a five-year high, a final investment decision on Ima gas, and agreements advancing the Bonga Southwest deepwater project. 𝐌𝐲 𝐦𝐞𝐬𝐬𝐚𝐠𝐞 𝐭𝐨 𝐢𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬 𝐢𝐬 𝐬𝐢𝐦𝐩𝐥𝐞: 𝐜𝐚𝐩𝐢𝐭𝐚𝐥 𝐠𝐨𝐞𝐬 𝐰𝐡𝐞𝐫𝐞 𝐢𝐭 𝐟𝐢𝐧𝐝𝐬 𝐜𝐥𝐚𝐫𝐢𝐭𝐲, 𝐝𝐢𝐬𝐜𝐢𝐩𝐥𝐢𝐧𝐞 𝐚𝐧𝐝 𝐝𝐞𝐥𝐢𝐯𝐞𝐫𝐲. At NNPC Ltd, we are building on the reforms already underway and speeding up delivery. Join me on Tuesday, 3 November, at 10:30 GST, in Conference Room B, to understand how Nigeria is competing and winning! #ADIPEC #NNPCLtd #EnergyInvestment #Nigeria 🇳🇬

This evening, I presented the NNPC Limited 2025 Annual Financial Report to President Bola Ahmed Tinubu, GCFR, at the State House. The report reflects a year of disciplined delivery: revenue of ₦34.5 trillion, Profit After Tax of ₦7.2 trillion (up 33%), and a ₦5.8 trillion dividend. Presenting this report is more than a statutory obligation. It is an account of stewardship to the President and to the Nigerian people, whose resources we are entrusted to manage. The FY2025 Annual Financial Report is now available to the public. I thank Mr President for his continued support of NNPC Limited and for the confidence placed in our team.

Congratulations to @NUPRCofficial on 5 years of delivering regulatory clarity and driving investment. Thank you, Mrs Oritsemyiwa Eyesan and the team. I acknowledge President Tinubu, GCFR @officialABAT, whose leadership guides the reforms behind this progress, represented by VP Shettima, GCON @KashimSM Under the PIA, NUPRC has shown that effective regulation goes beyond oversight. It is a catalyst for investment, growth and sustainable value creation. The stars are lined up. Now we must attract investment, commercialise undeveloped resources and strengthen Nigeria's competitiveness, with policy consistency and regulatory predictability. NNPC Limited is committed to this partnership. Here's to the next five years.

Last year, I sat with one of our Tigers to talk through what our numbers really say about the business, and what they mean for the nation. This year is no different. These conversations do more than connect me with our young professionals within NNPC Limited. They connect me with young professionals everywhere, in Nigeria and beyond, who want to understand what The NNPC Way is truly about: the numbers behind our FY2025 performance, the business driving them, and the people who make that growth possible. That's the story we're telling. Watch it, and let's keep going!

𝐏𝐫𝐨𝐟𝐢𝐭 𝐀𝐟𝐭𝐞𝐫 𝐓𝐚𝐱 𝐮𝐩 𝟑𝟑%. 𝐍𝐍𝐏𝐂 𝐋𝐭𝐝'𝐬 𝐅𝐘𝟐𝟎𝟐𝟓 𝐫𝐞𝐬𝐮𝐥𝐭𝐬. 📌 2025 tested the resilience of the entire energy sector. NNPC Limited responded with focus, discipline, and delivery. We closed the year with a Profit After Tax of ₦7.2tn, up 33%, on revenue of ₦34.5tn, with EPS up 32% to ₦35.90. Revenue softened by 24%, reflecting lower crude oil prices and reduced white product volumes after petrol price deregulation in October 2024 removed our bulk-breaking role. Even so, remittances to government continued to rise, a clear demonstration of the value we continue to create for the nation. Operational strength held firm too: EBITDA up 22% to ₦18.0tn, operating cash flow up 16% to ₦12.8tn. Beyond the numbers: converting Nigeria's hydrocarbon wealth into electricity, industry, jobs, and fiscal stability. Building a stronger energy future for Nigeria and beyond. The key highlights, at a glance.

NNPC Ltd. welcomes the $800m Final Investment Decision on the Ima Gas Project, developed by AMNI International with TotalEnergies, offshore OMLs 112 & 117. Up to 300 mmscf/d at peak, feeding NLNG's Train 7 expansion (22 → 30 Mtpa). The 4th major gas FID under President Tinubu, after Iseni, Ubeta & HI, unlocked by the 2024 Presidential Directives on non-associated gas. Indigenous operator. International partner. Nigerian capital. A model worth repeating. Certainty attracts capital.📌

At Gastech 2026 in Bangkok, NNPC Ltd is setting out the path to a global gas hub. As echoed by our EVP, Gas, Power & New Energy, Olalekan Ogunleye, our strategy is anchored on the Petroleum Industry Act, the Decade of Gas Framework, and our Gas Master Plan, all pointing toward a clear near-term target: 10 billion cubic feet per day of national gas production by 2027, rising to 12 Bcf/d by 2030. Over 215tcf of proven reserves gives Nigeria what the moment demands. The work now is coordination and delivery. Proud of the team carrying this conversation forward on the global stage this week. Our target is set. Now we execute, with discipline and with partners. #Gastech2026 #GasMasterPlan #NNPCLimited

CEO of the Year 2026: A Recognition We Share Grateful to be named CEO of the Year 2026 (Public Sector) by LEADERSHIP. This isn't a one-person win, it reflects the work of the entire NNPC Limited team. H1 2026: N2.28 trillion in profit after tax. Jan–July: N7.913 trillion in cumulative statutory payments to the Federation, 100% upstream pipeline availability, OB3 gas pipeline fully complete, AKK at 95%. Grateful to my EVPs, my entire team, and everyone who shows up daily to keep Nigeria's energy sector moving. This recognition belongs to them too. We still have work ahead.

𝐓𝐨𝐝𝐚𝐲 𝐢𝐬 𝐟𝐨𝐫 𝐞𝐯𝐞𝐫𝐲𝐨𝐧𝐞 𝐰𝐡𝐨 𝐛𝐞𝐥𝐢𝐞𝐯𝐞𝐬 𝐢𝐧 𝐍𝐢𝐠𝐞𝐫𝐢𝐚'𝐬 𝐝𝐞𝐞𝐩𝐰𝐚𝐭𝐞𝐫 𝐩𝐨𝐭𝐞𝐧𝐭𝐢𝐚𝐥. NNPC Ltd and our OML 118 contractor parties—Shell SNEPCo, Esso, and NAE—have executed the PSC & DSA addenda for Bonga Southwest/Aparo, moving us closer to FID. This is about more than barrels. It's about: ✅ Up to $15B–$21B in potential investment ✅ 175 kbopd oil + 140 mmscfd gas ✅ Nigerian jobs and local content creation ✅ Stronger supply chains ✅ Real revenue for our nation Thank you to President Tinubu (@officialABAT) for the 2026 Deep Offshore Incentives Order, and to our regulators, contractor parties, and teams for their dedication. Together, we're creating an environment where everyone wins. BSWAp is ours to deliver. Together.

Nigeria Just Made Offshore Oil Investment Simpler and More Attractive. President Bola Ahmed Tinubu (GCFR) @officialABAT has signed the Deep Offshore Oil and Gas Projects Incentives (Tax Remission) Order, 2026, replacing years of case-by-case negotiation with one clear, transparent framework. Up to $50 billion in new investment. Bonga South West as the first beneficiary. And NNPC Limited @nnpclimited standing as the Federation's nominated counterparty, ready to implement the PSC amendments to bring it to life. This means more jobs for Nigerians, deeper local supply chains, faster progress toward our 3 million barrels per day production ambition by 2030. As always, certainty attracts capital. Nigeria is showing the world it's ready. #NNPCLimited #DeepOffshore #NigeriaEnergy

Over a week ago, we celebrated the deployment of over 1,000 young professionals into NNPC Ltd. Numbers tell one story. Their voices tell another. Here's what they have to say. Proud of the energy they bring to NNPC Ltd. Welcome! Once again.

Today marked a huge milestone for us as we officially deployed over 1,000 young professionals into NNPC Ltd after one year of internship, intensive training, and evaluation. During the event, I listened to some of them share their recruitment stories, raw, unscripted, and real. Different paths, but the same door. And we opened it. That's what NNPC Ltd stands for today: not who you know or where you're from, but what you can do. Their offer letters got them in, but their work this past year kept them here. They proved themselves day after day, under real pressure, and that's the standard we're building. Talent. Hard work. Fairness. To the over 1,000 newly deployed: you are not just our future. You are our present. Our energy. Our proof. So don't hesitate to lend your voice, share your opinions, and challenge the status quo. Own your development. But don't forget the wait. Don't forget the process. Because one day, when you're sitting where I am, you'll remember this moment, and you'll open that same door for someone else. Welcome. Now let's build.

Heads of State across ECOWAS have signed the Intergovernmental Agreement for the African Atlantic Gas Pipeline (AAGP) at the ECOWAS Summit in Freetown, Sierra Leone — reflecting the clear mandate of President Bola Ahmed Tinubu and the shared vision he holds with His Majesty King Mohammed VI of Morocco. This is a defining step toward implementation, giving the AAGP the sovereign, political & legal foundation it needs to move from vision to delivery. Once complete, the AAGP will: • Transport ~3 bcf/d of Nigerian gas to market • Deliver ~30 bcm/year across ~6,900km of pipeline • Link Nigeria, the Sahel, Morocco & Europe • Drive industrialisation and unlock new value chains across West Africa NNPC Limited continues to co-lead this effort with Morocco's ONHYM. Grateful to every partner behind this milestone. Now, we build. Full message on LinkedIn. #NNPCLimited #AfricanPartnership #EnergySecurity #RegionalIntegration

I have always told my team that collaboration isn't optional; it's the only path to unlocking our full potential as a company, as a country, and as a continent. The time to build together is now! #NNPCLimited #AfricanEnergyProsperity #EnergyIsUnity #TheTimeIsNow

Proud of what my team and I delivered at NOG Energy Week 2026, from my keynote address to every conversation in between. A point I keep returning to: "𝗪𝗲 𝗻𝗼 𝗹𝗼𝗻𝗴𝗲𝗿 𝘃𝗶𝗲𝘄 𝗡𝗡𝗣𝗖 𝗟𝗶𝗺𝗶𝘁𝗲𝗱 𝗮𝘀 𝗺𝗲𝗿𝗲𝗹𝘆 𝗮𝗻 𝗲𝗻𝗲𝗿𝗴𝘆 𝗽𝗿𝗼𝗱𝘂𝗰𝗲𝗿, 𝗯𝘂𝘁 𝗮𝘀 𝗮𝗻 𝗲𝗰𝗼𝘀𝘆𝘀𝘁𝗲𝗺 𝗯𝘂𝗶𝗹𝗱𝗲𝗿; 𝗰𝗼𝗻𝗻𝗲𝗰𝘁𝗶𝗻𝗴 𝗰𝗮𝗽𝗶𝘁𝗮𝗹, 𝘁𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝘆, 𝗽𝗼𝗹𝗶𝗰𝘆, 𝘁𝗮𝗹𝗲𝗻𝘁 𝗮𝗻𝗱 𝗺𝗮𝗿𝗸𝗲𝘁𝘀 𝘁𝗼 𝗰𝗿𝗲𝗮𝘁𝗲 𝗹𝗮𝘀𝘁𝗶𝗻𝗴 𝘃𝗮𝗹𝘂𝗲 𝗳𝗼𝗿 𝗡𝗶𝗴𝗲𝗿𝗶𝗮 𝗮𝗻𝗱 𝗔𝗳𝗿𝗶𝗰𝗮." That shift in identity is the foundation for everything we're building towards, from deepening partnerships across the industry to accelerating Africa's energy prosperity. 📽️ A look back at the week, through our lens, below. . #NNPCLimited #EcoSystemBuilder #AfricasEnergyProsperity #NOG2026

"The future of African energy will not be determined solely by the resources beneath our soil. It will be determined by the quality of the partnerships we forge above it." From my keynote at NOG Energy Week 2026. #NNPCLimited #AfricanEnergyVision #ResourcesToProsperity

A year ago, at NOG 2025, I spoke about transforming NNPC into a transparent, high-performing energy company. Today, I remain convinced that those principles are still imperative for sustainable energy prosperity. Yet, as important as they are, the past year has reinforced another, equally important truth: 𝐧𝐨 𝐧𝐚𝐭𝐢𝐨𝐧 𝐨𝐫 𝐜𝐨𝐦𝐩𝐚𝐧𝐲 𝐜𝐚𝐧 𝐮𝐧𝐥𝐨𝐜𝐤 𝐭𝐡𝐞 𝐟𝐮𝐥𝐥 𝐯𝐚𝐥𝐮𝐞 𝐨𝐟 𝐢𝐭𝐬 𝐞𝐧𝐞𝐫𝐠𝐲 𝐫𝐞𝐬𝐨𝐮𝐫𝐜𝐞𝐬 𝐢𝐧 𝐢𝐬𝐨𝐥𝐚𝐭𝐢𝐨𝐧. Recent geopolitical tensions in the Middle East and disruptions to shipping routes have proven that energy security cannot be taken for granted, and the winners of the next era won't be those with the largest reserves, but those who build the most effective partnerships. Africa's challenge is not a shortage of hydrocarbons, talent, or opportunity — it is the persistent fragmentation of the ecosystem required to convert resources into prosperity. The continent possesses ~17% of global natural gas reserves, vast critical minerals and, perhaps, one of the youngest populations on earth, yet it attracts a disproportionately small share of global energy investment. This must change, and that change requires a fundamental shift in mindset. For Nigeria and Africa, that means: 🔹 Strategic partnerships over transactional deals 🔹 Integrated value chains in place of isolated projects 🔹 Industrial economies built on our resources, not raw exports of them 🔹 Turning research into industrial capacity 🔹 Stable, investment-friendly regulation 🔹 Developing indigenous technical capacity to compete globally At NNPC, we no longer see ourselves as just an energy producer, but an ecosystem builder; connecting capital, technology, policy, talent, and markets to turn resources into shared prosperity. The opportunity is extraordinary. The responsibility is ours. The time to act is now. #NOGEnergyWeek2026 #NNPCLimited #AfricanEnergy #EnergyEconomies

Fixing a refinery takes more than pipes and pumps. It takes the right partners. That's the thinking behind the MoU recently signed for the Port Harcourt and Warri Refineries, now moving into a rigorous evaluation phase. 🔹 𝐀 𝐬𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐬𝐡𝐢𝐟𝐭 𝐭𝐨𝐰𝐚𝐫𝐝 𝐥𝐚𝐬𝐭𝐢𝐧𝐠 𝐫𝐞𝐬𝐮𝐥𝐭𝐬 Introducing a performance-based business partnership model, built for profitable and self-sustaining refineries. 🔹 𝐄𝐯𝐚𝐥𝐮𝐚𝐭𝐢𝐨𝐧, 𝐧𝐨𝐭 𝐜𝐨𝐦𝐦𝐢𝐭𝐦𝐞𝐧𝐭 The MoU is an agreement to explore working together, not a binding contract. 🔹 𝐃𝐮𝐞 𝐝𝐢𝐥𝐢𝐠𝐞𝐧𝐜𝐞 𝐟𝐮𝐧𝐝𝐞𝐝 𝐛𝐲 𝐭𝐡𝐞 𝐩𝐚𝐫𝐭𝐧𝐞𝐫𝐬 𝐭𝐡𝐞𝐦𝐬𝐞𝐥𝐯𝐞𝐬 Prospective partners are covering the full cost, which keeps the process data-driven. 🔹 𝐁𝐮𝐢𝐥𝐝𝐢𝐧𝐠 𝐭𝐨𝐰𝐚𝐫𝐝 𝐬𝐨𝐦𝐞𝐭𝐡𝐢𝐧𝐠 𝐛𝐢𝐠𝐠𝐞𝐫 The vision includes expanding the petrochemicals value chain and investing in gas-based industries, including new methanol plants. Real change isn't announced once. It's built through discipline applied consistently, at every stage, until it becomes how things are done. #NNPCLtd #WarriRefinery #PortHarcourtRefinery #EnergySecurity

What success looks like at NNPC Limited goes beyond scorecards. It's about legacy. A few days ago, I sat in our Extended Senior Management Meeting with our EVPs in the room. But what struck me wasn't the agenda — it was the seating: no head of the table, no ranks reserved, just people, side by side. Age and hierarchy gave way to something bigger, genuine collaboration. As a leader, that wasn't just encouraging; it ignited hope. This is what our "Fit-For-Future" agenda is really about — 4 pillars we live, not just talk: → Execution Excellence → Profitable Growth → Partners of Choice → Enterprise-First Mindset The new NNPC Limited is not about one leader or one season. It's a movement — steady, lasting, and ours. We're building something that outlasts us.