Jobs/Appointments
Tinubu Removes Mele Kyari, Picks Bayo Ojulari as New NNPC CEO
By Modupe Gbadeyanka
President Bola Tinubu has removed Mt Mele Kyari as the chief executive of the Nigerian National Petroleum Company (NNPC) Limited, replacing him with Mr Bashir Bayo Ojulari in line with the powers granted under Section 59, subsection 2 of the Petroleum Industry Act, 2021.
In a statement signed by the Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga, on Wednesday, it was also revealed that Mr Pius Akinyelure is no longer the chairman of the NNPC board as he has been replaced by Ahmadu Musa Kida.
According to the statement, Mr Tinubu reconstituted the 11-man NNPC board, which came into being on November 2023, to enhance operational efficiency, restore investor confidence, boost local content, drive economic growth, and advance gas commercialisation and diversification.
President Tinubu also handed out an immediate action plan to the new board: to conduct a strategic portfolio review of NNPC-operated and Joint Venture Assets to ensure alignment with value maximisation objectives.
Since 2023, the Mr Tinubu administration has implemented oil sector reforms to attract investment. Last year, NNPC reported $17 billion in new investments within the sector. The administration now envisions increasing the investment to $30 billion by 2027 and $60 billion by 2030.
His administration targets raising oil production to two million barrels daily by 2027 and three million daily by 2030. Concurrently, the government wants gas production jacked to 8 billion cubic feet daily by 2027 and 10 billion cubic feet by 2030.
Furthermore, President Tinubu expects the new board, whose appointment became effective today, to elevate NNPC’s share of crude oil refining output to 200,000 barrels by 2027 and reach 500,000 by 2030.
Business Post reports that Mr Adedapo Segun, who replaced Mr Umaru Isa Ajiya as the chief financial officer last November, has been appointed to the new board by President Tinubu.
Six board members, non-executive directors, represent the country’s geopolitical zones. They are Bello Rabiu, North West, Yusuf Usman, North East, and Babs Omotowa, a former managing director of the Nigerian Liquified Natural Gas( NLNG), who represents North Central.
Mr Austin Avuru is a non-executive director from the South-South, Mr David Ige is a non-executive director from the South West, and Mr Henry Obih is a non-executive director from the South East.
Mrs Lydia Shehu Jafiya, permanent secretary of the Federal Ministry of Finance, will represent the ministry on the new board, while Aminu Said Ahmed will represent the Ministry of Petroleum Resources.
The new board chairman is from Borno State. He is an alumnus of Ahmadu Bello University, Zaria, where he received a degree in civil engineering in 1984. He also obtained a postgraduate diploma in petroleum engineering from the Institut Francaise du Petrol (IFP) in Paris
On his part, Mr Ojulari hails from Kwara State. Until his new appointment, He was Executive Vice President and Chief Operating Officer of Renaissance Africa Energy Company.
His Renaissance recently led a consortium of indigenous energy firms in the landmark acquisition of the entire equity holding in the Shell Petroleum Development Company of Nigeria (SPDC), worth $2.4 billion.
By Modupe Gbadeyanka
President Bola Tinubu has appointed Mr Nasir Naeem Abdulsalam as the Managing Director of the Ajaokuta Steel Company, Kogi State.
A statement from Mr Segun Imohiosen, the Director of Information and Public Relations on behalf of the Secretary to the Government of the Federation (SGF), Mr George Akume, disclosed the appointment took effect from Thursday, April 3, 2025, and is in accordance with the provisions of the Certain Political and Judicial Office Holders (Salaries and Allowances, etc) Act 2008 as amended.
Mr Abdulsalam, according to statement, has been tasked by Mr Tinubu to leverage his wealth of experience in the steel industry in his new assignment in revolutionising the company to generate important upstream and downstream industrial and economic activities that will position the nation as the industrial hub of Africa in line with the diversification drive of the Renewed Hope Agenda.
Until his appointment, the appointee served as the Technical Adviser to the Minister of Steel Development, Mr Dele Alake, as well as the Special Assistant on Academics to Director General of the National Institute for Legislative and Democratic Studies (NILDS), Professor Abubakar Sulaiman.
By Aduragbemi Omiyale
The chief executive of SAO Group, Mr Ayo Sotirin, has been appointed by President Bola Tinubu as the Managing Director of the Bank of Agriculture (BoA).
A statement from the Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga, disclosed that the appointment is with immediate effect.
In the notice released on Friday, Mr Onanuga said the new BoA chief brings a diverse and extensive background in the private and public sectors to his new role.
He disclosed that Mr Sotinrin’s appointment aligns with the strategy of the administration of Presient Tinubu to revitalise Nigeria’s agricultural sector.
“Mr Sotinrin’s proven ability to mobilise capital, innovate in agribusiness, and collaborate across sectors will be instrumental in repositioning the Bank of Agriculture as a catalyst for food security, sovereignty and rural prosperity,” Mr Tinubu was quoted to have said.
While at SAO Group, an agribusiness company, the appointee’s leadership was marked by groundbreaking agricultural initiatives, including developing a 20,000-hectare oil palm plantation and large-scale poultry, aquaculture, maize, and cassava operations in Ondo State.
He also led SAO Capital, raising over $750 million in infrastructure and development finance, including the landmark $200 million Akure Water Supply Project.
In the public sector, he served as Special Adviser on Environment and Urban Development to the Minister of State FCT from 2011 to 2015.
He had consulted extensively for global development partners such as the World Bank, AfDB, DFID, and USAID and played key advisory roles on federal and state-level projects. His international background includes roles at the Royal Bank of Scotland International, Deutsche Bank, and the UK Environment Agency.
Mr Sotinrin holds an Executive MBA from Said Business School, Oxford University; an Advanced Diploma in Environmental Conservation; and a Master’s in Engineering Business Management from Warwick University.
By Aduragbemi Omiyale
The Special Adviser the Vice-President, Mr Kashim Shettima, on Political Matters, Mr Hakeem Baba-Ahmed, has resigned.
The elder brother to the Vice Presidential candidate of the Labour Party (LP) in the 2023 general elections, Mr Datti Baba-Ahmed, resigned from his position amid growing political tensions with the Minister of State for Defence, Mr Bello Matawalle.
The two personalities have been at loggerheads over political situation in the country, especially as regards the northern part of the country.
Before joining the government of President Bola Tinubu in 2023, the older Baba-Ahmed was the spokesman of the Northern Elders Forum (NEF).
About 12 months ago, Mr Matawalle described NEF as a “political paperweight” for claiming that the northern region regretted voting for Mr Tinubu in the 2023 presidential election.
In his reaction, Mr Baba-Ahmed asked Mr Matawalle to inform the world how he and other northern appointees have been productive rather than attacking the NEF.
Not happy with this, the Minister said it was the duty of all appointees, including Baba-Ahmed, to defend and promote the administration they served.
He emphasized that the role of northern appointees was to support President Tinubu’s government and advance its objectives, or consider stepping down if they could not align with the administration.
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