NNPC Boss Ojulari Targets 3 Million Barrels Per Day by 2030

The Nigerian National Petroleum Company Limited (NNPC) is aiming to attract $60 billion in investments by 2030 as part of a bold transformation agenda to redefine Nigeria’s energy future.

The Group Chief Executive Officer, Bashir Ojulari, unveiled the plan during a town hall meeting with NNPC staff in Abuja, where he outlined key milestones the company hopes to achieve by 2027 and 2030.

Ojulari pledged to secure $30 billion in investments by 2027, scaling up to $60 billion by 2030, with a sharp focus on expanding oil and gas production, refining capacity, and energy access across Nigeria.

According to a statement issued Friday by the company’s Chief Corporate Communications Officer, Olufemi Soneye, the CEO outlined goals including:

• Increasing crude oil production to over 2 million barrels per day by 2027, and 3 million barrels by 2030

• Expanding refining output to 200,000 barrels per day (kbpd) by 2027, and 500,000 kbpd by 2030

• Boosting gas production to 10 billion cubic feet (bcf) per day by 2027, rising to 12 bcf by 2030

• Improving energy access and affordability for Nigerians

Ojulari described the targets as more than just numbers, calling them “indicators of hope, jobs, industrial growth, and energy security” for millions of Nigerians.

“The task before us is great, yet the opportunity to redefine Nigeria’s energy future is even greater,” he said. “Now is the time to turn our transformation promise into performance.”

To achieve these ambitious targets, Ojulari said the NNPC will restructure its business for agility and value creation, rely on data-driven decision-making, and enforce a robust performance management framework. He also emphasized building transparent, value-aligned partnerships with stakeholders and taking control of the company’s narrative.

He concluded by reaffirming his commitment to empowering employees to outperform competitors and deliver on the company’s transformation vision.