Tinubu Reshuffles NNPCL Leadership, Appoints New Board Members In a major shake-up within Nigeria’s oil sector, President Bola Ahmed Tinubu has dismissed the Group Chief Executive Officer (CEO) of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari. The President has also dissolved the entire board, including its chairman, Chief Pius Akinyelure. Why Tinubu Took This Decision The announcement was made by Bayo Onanuga, Special Adviser to the President on Information and Strategy. According to Onanuga, President Tinubu exercised his authority under Section 59(2) of the Petroleum Industry Act (PIA) 2021 to restructure NNPCL for enhanced operational efficiency, increased investor confidence, and greater commercial viability. New NNPCL Leadership Team Following this decision, Tinubu has appointed an 11-man board to oversee the affairs of NNPCL. The new leadership includes: These new appointments are effective immediately from April 2, 2025. Implications of the NNPCL Shake-Up This major restructuring is expected to restore credibility to Nigeria’s oil sector, attract foreign investors, and drive economic growth. The decision comes amid ongoing efforts to reform the petroleum industry, ensuring NNPCL operates with increased transparency and efficiency. What’s Next for NNPCL? Industry experts anticipate that the new leadership team will focus on policy reforms, crude oil production stabilization, and tackling fuel subsidy challenges. This transition marks a pivotal moment in Nigeria’s oil sector, signaling a commitment to effective governance. Related Articles: For more information on this development, visit NNPCL Official Website. READ ALSO: Follow the LMSINT MEDIA channel on WhatsApp: Join Our WhatsApp Group Hear: Chat on WhatsApp Join our Telegram Channel
