…Sacks Top Executives
The Nigerian National Petroleum Corporation (NNPC) has officially ended its importation of refined petroleum products, according to NNPC’s Group Managing Director, Mele Kyari. Kyari stated that the decision marks a significant milestone for the corporation as part of its efforts to ensure self-sufficiency in petroleum production.
The move aims is said to reduce Nigeria’s reliance on imported refined products and strengthen the country’s domestic refining capacity.
Nigeria began importing fuel for its domestic market in 1971. This was through a Joint Venture ( JV) agreement between the Nigerian National Petroleum Corporation ( NNPC) and Multinational Oil Corporations ( MNOCs)
Since then Nigeria,an oil producing country has relied on imported fuel due to non – functional local refineries.
However, with the birth of Dangote Refinery- the world’s largest and after months of foot dragging, Kyari said that the NNPCL having finalised agreement with the Dangote Refinery would get its supplies from there henceforth to ensure availability of the product and encourage domestic refining.
Meanwhile, the Nigerian National Petroleum Company Limited (NNPCL) has sacked Umar Ajiya as Chief Financial Officer and Oritsemeyiwa Eyesan as Executive Vice President (Upstream).
This move marks a major restructuring within the company’s leadership.
Adedapo Segun, previously Executive Vice President (Downstream), has been promoted to Chief Financial Officer.
In addition, Isiyaku Abdullahi takes over as Executive Vice President (Downstream), while Udobong Ntia assumes the role of Executive Vice President (Upstream).
These appointments are part of NNPCL’s efforts to streamline its leadership team and enhance operational performance. The company expressed gratitude to Ajiya and Eyesan for their service and contributions to its growth.
