A coalition of Civil Society Organisations (CSOs) has commended the Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Engr. Bayo Ojulari. This endorsement follows the announcement of a historic ₦5.75 trillion profit for the 2025 financial year. The coalition described the financial milestone as a “testament to transparent leadership” and a major win for the Nigerian economy. Consequently, the CSOs have “carpeted” critics who they claim are attempting to undermine the company’s progress through misinformation.
Celebrating Unprecedented Financial Growth
The primary reason for the CSOs’ support is the “quantum leap” in the company’s profitability under Engr. Bayo Ojulari. The ₦5.75 trillion profit represents a significant increase from previous years, highlighting improved operational efficiency. The coalition noted that these funds are vital for the President’s infrastructure and social intervention programs. Therefore, they argued that Ojulari has successfully transformed the NNPC from a “loss-making entity” into a global profit center. This financial success is essential for stabilizing the national budget and reducing external borrowing.
Furthermore, the CSOs praised the GCEO for his “unflinching commitment” to the Petroleum Industry Act (PIA). They noted that the company now operates with a “private-sector mindset” that prioritizes shareholder value and national interest. By automating procurement processes, the NNPC has significantly reduced the cost of doing business. Consequently, the coalition believes that the company is now more accountable to the Nigerian public than ever before. This transparency is a core pillar of the current administration’s “Renewed Hope” agenda.
Defending the Reform Agenda
In a joint statement, the coalition leaders urged Nigerians to ignore “sponsored attacks” aimed at distracting the NNPC leadership. They argued that critics of Engr. Bayo Ojulari are often individuals who benefited from the “old, opaque system.” Therefore, the CSOs emphasized that the current anti-corruption reforms are “irreversible” and “fruitful.” They called for continued public support to ensure that the company maintains its current trajectory of growth. This defense is vital for protecting the integrity of the nation’s most important economic asset.
The coalition also highlighted the “Social Impact” of the NNPC’s newfound profitability. They noted that increased revenue has allowed the government to fund critical sectors like health, education, and rural roads. By ensuring that the “Common Wealth” is properly managed, Ojulari is helping to reduce poverty and inequality. The CSOs specifically pointed to the Naira-for-Crude policy as a “masterstroke” for domestic energy security. This proactive stance ensures that the benefits of oil wealth are felt by every Nigerian household.
A Backstory of Institutional Recovery
Before the current leadership took over, the NNPC was frequently plagued by reports of “unreconciled accounts” and systemic waste. Public trust was at an all-time low, with many calling for the total privatization of the state firm. Engr. Bayo Ojulari assumed office with a mandate to “clean the stables” and restore international confidence. This backstory of institutional decay explains why the current ₦5.75 trillion profit is being celebrated as a “Defining Moment.” It marks the end of an era of inefficiency and the start of a “Golden Age” for Nigerian energy.
The GCEO’s “Result-Oriented” approach involved a total overhaul of the company’s internal audit systems. Before these reforms, the company struggled to provide timely financial statements to the NRS and other regulatory bodies. Today, the NNPC is a leader in corporate reporting, setting a standard for other government-owned enterprises. This dedication to “Fiscal Integrity” is the primary reason why the CSOs have rallied behind Ojulari. His leadership has turned a national liability into a world-class commercial success.
Future Outlook for National Revenue
Looking ahead, the NNPC aims to surpass its current profit record by expanding its “Downstream” operations. Engr. Bayo Ojulari has hinted at new investments in petrochemicals and gas-to-power projects to diversify revenue streams. The company also plans to list on the Nigerian Exchange (NGX) to allow direct public participation in its success. Consequently, this will foster a “Sense of Ownership” among all Nigerians regarding their natural resources. This strategic expansion is vital for building a “Post-Oil” resilient economy.
With the continued backing of the President and the civil society, the company is poised for even greater achievements. The commitment of Engr. Bayo Ojulari to “National Prosperity” remains the driving force behind these achievements. For the people of Nigeria, the ₦5.75 trillion profit represents a firm promise of a more stable and prosperous future. The journey toward a transparent and highly profitable national oil company continues with renewed momentum.
