Bashir Ojulari, the newly appointed Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), has unveiled a roadmap to significantly increase crude oil output and attract major investments in the oil and gas sector.
Speaking during a recent town hall meeting with staff in Abuja, Ojulari stated that NNPCL plans to raise crude oil production to over two million barrels per day by 2027 and reach three million barrels daily by 2030.
He also disclosed plans to secure $30 billion in investments by 2027 and $60 billion by 2030.
He emphasized his dedication to reshaping the company into an institution that all Nigerians can take pride in, noting that energy access, job creation, and national development are central to the company’s future.
According to Ojulari, the company also aims to boost refining capacity, targeting 200,000 barrels per day by 2027 and scaling up to 500,000 barrels per day by 2030.
NNPCL’s gas production is also expected to rise significantly—reaching 10 billion cubic feet per day by 2027 and 12 billion cubic feet per day by 2030—as part of efforts to expand access to affordable energy across the country.
Ojulari said the goals are not just about numbers, but about creating tangible benefits for Nigerians through improved energy security and economic growth.
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