Bayo Bashir Ojulari Biography, Net Worth, Age, Career, State of Origin, Controversy

Bayo Bashir Ojulari Biography, Bayo Bashir Ojulari Net Worth, Bayo Bashir Ojulari Age, Bayo Bashir Ojulari Career, Bayo Bashir Ojulari  State of Origin and Bayo Bashir Ojulari Controversy can be accessed below.

NaijaOnPoint Nigeria had reported earlier that President Bola Tinubu sacked the Group Chief Executive Officer (CEO) of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari.

This online news platform understands that the Nigerian President also dissolved the NNPCL board, removing the Chairman, Chief Pius Akinyelure, as revealed in a statement issued by the Special Adviser to the President on information and strategy, Bayo Onanuga, on Wednesday morning, April 2, 2025.

The  Special Adviser to the President on information and strategy said Tinubu invoked his powers under section 59(2) of the Petroleum Industry Act (PIA) 2021 to carry out the sweeping reconstitution, citing the need for “enhanced operational efficiency, restored investor confidence, and a more commercially viable NNPC”.

Onanuga announced that President Tinubu has approved a new 11-man board with Engineer Bashir Bayo Ojulari as the Group CEO and Ahmadu Musa Kida as non-executive chairman.

According to the statement, “Adedapo Segun, who replaced 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.

“President Tinubu appointed Austin Avuru as a non-executive director from the South-South, David Ige as a Non-executive director from the South West, and Henry Obih as 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”.

STATEHOUSE PRESS RELEASE

PRESIDENT TINUBU RECONSTITUTES NNPC LIMITED BOARD, APPOINTS NEW CHAIRMAN, GROUP CEO

President Bola Ahmed Tinubu has approved a sweeping reconstitution of the Nigerian National Petroleum Company (NNPC) Limited board, removing the chairman, Chief Pius… pic.twitter.com/6NYNDenSHL

— Bayo Onanuga (@aonanuga1956) April 2, 2025

The  Special Adviser to the President on information and strategy added that all the appointments are effective today, Wednesday, April 2, 2025.

Bayo Bashir Ojulari Biography

Ojulari, an indigene of Kwara State, is a seasoned Nigerian engineer with expertise in petroleum, process, and production engineering.

Bayo Bashir Ojulari Educational Background:

Ojulari is an alumnus of Ahmadu Bello University, Zaria. He graduated with a degree in Mechanical Engineering.

Bayo Ojulari Net Worth: Bayo Bashir Ojulari  Work Experience

Until his new appointment, Ojulari was Executive Vice President and Chief Operating Officer of Renaissance Africa Energy Company. His Renaissance Africa Energy Limited 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.

He worked for Elf Aquitaine as the first Nigerian process engineer to begin a stellar career in the oil sector. From Elf, he joined Shell Petroleum Development Company of Nigeria Ltd. in 1991 as an associate production technologist.

Apart from working in Nigeria, he worked in Europe and the Middle East in different capacities as a petroleum process and production engineer, strategic planner, field developer, and asset manager. In 2015, he became the managing director of Shell Nigeria Exploration and Production Company (SNEPCO).

During his career, he was chairman and a member of the board of trustees of the Society of Petroleum Engineers (SPE Nigerian Council) and a fellow of the Nigerian Society of Engineers.

Upon appointment, President Tinubu thanked the old board members for their dedicated service to NNPC Limited, particularly their efforts in rehabilitating the old Port Harcourt and Warri refineries, which enabled them to resume petroleum product production after prolonged shutdowns. He wished them well in their future endeavours.

New NNPCL Group CEO Profile:

The new 11-man board now has Ojulari as the Group CEO and Ahmadu Kida as the Non-Executive Chairman.

1. Ojulari is from Kwara State, Nigeria.

2. He studied Mechanical Engineering at Ahmadu Bello University, Zaria (1985–1989).

3. Started as a Fields and Process Engineer at Elf Petroleum Nigeria (1989–1991).

4. He joined Shell Petroleum Development Company (SPDC) in November 1991 as an Associate Production Technologist.

5. Ojulari served in multiple roles at Shell, both in Nigeria and internationally.

6. He integrated Studies Team at Shell Netherlands (1994–1995).
7. He was Head of Planning, Economics, and Budgeting at SPDC (1997–1999).

8. Ojulari was the Asset Leader and Head Production Technologist at Shell Oman (1999–2003).

9. He was Sub-Saharan Africa Regional Planner at Shell headquarters (2003–2004).

10. Manager, Corporate Planning and Strategy at SPDC (2005–2008).

11. Manager, Asset Development (Onshore and Shallow Water) at SPDC (2008–2010).

12. Development Director, SPDC Nigeria (2010–2015).

13. Managing Director, Shell Nigeria Exploration and Production Company (SNEPCo) (2015–2021).

14. Bayo Bashir Ojulari founded BAT Advisory and Energy Company Nigeria Ltd in September 2021, serving as Board Chairman.

15. He was Executive Vice President and Chief Operating Officer, Renaissance Africa Energy Company (January 2024–2025).

16. His tenure at Renaissance coincided with the company’s acquisition of a Shell asset in Nigeria.

Bayo Bashir Ojulari Controversy

NaijaOnPoint Nigeria reports that Bayo Bashir Ojulari’s recent appointment as the Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPCL) has sparked discussions and debates across Nigeria. President Bola Tinubu’s decision to restructure the NNPCL board, which included the removal of former GCEO Mele Kyari and Chairman Pius Akinyelure, has led to varied reactions.

Some social media discussions have highlighted that Ojulari’s appointment, being a Yoruba from Kwara State, has elicited mixed opinions. For instance, a post on a political forum noted that the replacement of Mele Kyari with Bayo Ojulari, a Yoruba man, has sparked controversy and debate.

However, detailed profiles of Ojulari emphasize his extensive experience in the oil and gas sector. He hails from Kwara State and studied Mechanical Engineering at Ahmadu Bello University, Zaria. His career includes significant roles at Shell Petroleum Development Company (SPDC), where he joined in 1991 and rose to become the Managing Director of Shell Nigeria Exploration and Production Company (SNEPCo) in 2015. After leaving Shell in 2021, he served as the Executive Vice President and Chief Operating Officer of Renaissance Africa Energy Company.

Given his extensive background in the energy sector, many view Ojulari’s appointment as a strategic move to enhance NNPCL’s operations and restore investor confidence. The restructuring aims to boost local content, drive economic growth, and advance gas commercialization and diversification.

In summary, while Ojulari’s appointment has generated discussions, particularly regarding regional representation, his professional credentials suggest a focus on strengthening NNPCL’s position in the industry.

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