"Newly Inaugurated Board and Management Team of NNPCL by Tinubu, Commits to Daily Production of 2 Million Barrels of Crude Oil"

The appointment of the new Board and Management team, effective from December 1, was approved by President Tinubu in compliance with Section 59 (2) of the Petroleum Industry Act, 2021. 

The key appointees include Chief Pius Akinyelure as the Non-Executive Board Chairman, Malam Mele Kolo Kyari as the Group Chief Executive Officer, and Alhaji Umar Isa Ajiya as the Chief Financial Officer. Other non-executive directors include Mr Ledum Mitee, Mr Musa Tumsa, Mr Ghali Muhammad, Prof. Mustapha Aliyu, Mr David Ogbodo, and Ms Eunice Thomas. The recently inaugurated Board and Management team of the Nigerian National Petroleum Company Ltd (NNPCL) has pledged to achieve a daily production of two million barrels of crude oil by 2024. Chief Pius Akinyelure, the Non-Executive Board Chairman, made this commitment during a briefing with State House Correspondents following the board's inauguration by President Bola Tinubu on Monday.

Akinyelure emphasized the board's dedication to transforming the Oil and Gas sector into a source of national pride and prosperity for Nigerians. He highlighted the need to address challenges such as oil theft and pipeline vandalism, stating that the board intends to overhaul the security architecture of the NNPCL to mitigate these issues.

During the inauguration ceremony, President Tinubu expressed his support for the new board and their mandate. Akinyelure conveyed the board's assurance of giving their utmost effort to position Nigeria's oil and gas industry as a leading force in Africa and globally.

To achieve the ambitious goal of producing two million barrels per day from next year, the board recognizes the necessity of improving security measures to reduce incidents of theft and pipeline damage. Akinyelure emphasized the importance of safeguarding the nation's resources to contribute to economic growth and development.