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NNPCL GCEO Ojulari tasks stakeholders on inclusive leadership, environmental responsibility
Bashir Bayo Ojulari, the Group Chief Executive Officer (GCEO) of Nigerian National Petroleum Company (NNPCL), has tasked stakeholders on strategic, and inclusive leadership to reconcile Nigeria’s energy demands with its environmental responsibilities and economic aspirations.
In his first public appearance after the widespread rumours of his “voluntary resignation,” Ojulari, highlighted the pressing need to reconcile three imperatives—energy security, environmental sustainability, and economic development—if Nigeria and Africa are to chart a resilient path in the evolving global energy space.
He said- “The future of energy is neither linear nor predetermined. It will be shaped by the decisions we make today. By how we intentionally engage, how we strategically invest, and how boldly we embrace innovation.”
The NNPCL boss challenged the long-held view of oil and gas as a “sunset industry,” reframing it as a cornerstone for building a sustainable and inclusive energy transition. He underscored the sector’s enduring role in powering economic growth, even as new energy technologies emerge.
At the heart of this repositioning is the need to deepen strategic engagement—both within Nigeria’s borders and globally—leveraging partnerships across sectors and regions to unlock new opportunities. The oil and gas sector, he emphasized, must not operate in isolation but be embedded in a broader ecosystem of collaboration, innovation, and environmental responsibility.
“The challenges before us—climate change, capital flight, technology gaps, and supply disruptions—are too complex to be addressed in silos,” Ojulari said. “We must foster robust, transparent, and constructive dialogue among all stakeholders—governments, financiers, civil society, and especially our youth.”
In a forward-looking section of his remarks, Ojulari highlighted the centrality of technological innovation to Nigeria’s energy transformation. From carbon capture, utilization and storage (CCUS) to hydrogen development, smart grid systems, and mobile gas distribution, he described a future where hydrocarbons and clean energy co-exist as complementary forces.
Nigeria’s ongoing deployment of Compressed Natural Gas (CNG) infrastructure, he said, is already proving to be a transformative step in democratizing access to cleaner energy.
Ojulari was of the view that intentional investments in emerging energy solutions, warning against dismissing them as “buzzwords” and instead embracing them as real, implementable tools for driving climate resilience without sacrificing industrial competitiveness.
He called for a contextual, just, and equitable energy transition.
Acknowledging the low levels of energy access in many parts of Nigeria and Africa—particularly rural regions still reliant on biomass—he cautioned against energy transition narratives that ignore the continent’s developmental realities.
“Transition must not be imposed. It must be negotiated. It must be contextualized. And above all, it must be just,” he declared.
This, he explained, involves recognizing natural gas as a viable transition fuel, scaling clean cooking technologies, investing in green infrastructure, and channeling revenue from hydrocarbons into renewables, education, and public services.
The NNPCL GCEO spoke on the financing challenge head-on, stating that Africa must compete more effectively for global capital, especially in a world increasingly driven by ESG metrics, investor perception, and regulatory transparency.
To unlock investment at scale, he urged African nations to de-risk their environments through better governance, clear regulatory frameworks, and transparent fiscal systems. He highlighted instruments such as blended finance, climate-resilient funds, and long-term capital pools as key to attracting credible investors.
“Governments and industries must co-create an investment environment that is credible, attractive, and future-focused,” he said. “This is not just about profit, but about building resilient and uplifted communities.”
He advocated for the positioning of Nigeria’s youth as the custodians of tomorrow’s energy system. He made a plea for collective investment in STEM education, energy literacy, green skills, and entrepreneurship; insisting the energy sector is not just a career path but an avenue for invention, inclusion, and impact.
“The transition is not just about fuel—it’s about people,” he stressed. “And the people who will lead it are our youth.”
He made a call to action for all stakeholders in the energy sector, governments, industry leaders, financial institutions, civil society, and youth, to collaborate across borders and sectors. This, he says will build an oil and gas industry that is not only profitable, but purposeful; not only efficient, but enduring; not only relevant, but revolutionary.
Ojulari speech focused on Nigeria’s energy future that it will not be given. “It must be built—intentionally, inclusively, and on Nigeria’s terms.”
Elon Musk’s wealth has again topped US$1 trillion as stocks of his companies SpaceX and Tesla surged.
Forbes estimated the world’s richest man’s net worth at $1 trillion on Monday, an increase of $30.6 billion from Friday last week, the last stock market trading day.
The gain reinforces Musk’s position as the world’s wealthiest person, far ahead of Bezos, who ranks second with a fortune of $371.5 billion. Google co-founder Larry Page followed with $284.3 billion, while Dell Technologies chairman Michael Dell ranked fourth with $272.2 billion.
`Musk became the world’s first trillionaire in June as SpaceX shares soared following its record-breaking initial public offering, but soon lost that status when the stock fell amid concerns about the company’s lofty valuation, according to Bloomberg.
His fortune has approached the trillion-dollar threshold again in recent days as both companies’ shares rallied. Tesla’s third-quarter deliveries exceeded analysts’ expectations last week, helping increase Musk’s wealth by $61 billion on Friday alone.
The Dangote Group has reaffirmed the critical role of domestic production in strengthening Nigeria’s economic resilience.
The Group stated this weekend through its Group General Manager, Mr. Abdullahi Bello Danmusa, who represented the Regional Director/Senior Adviser to the Dangote Group President/CE, Fatima Wali-Abdurrahman, at the Dangote Special Day at the ongoing Abuja International Trade Fair.
Speaking on the theme of this year’s Trade Fair, “Resilience: Trade, Taxation and the Economy,” Mr. Danmusa said taxation remains a fundamental component of national development, stressing that Dangote Group takes its tax obligations seriously and contributes substantial revenues to government annually, while also supporting employment, enterprise and value creation across its operations.
He said trade could achieve greater economic impact when it is supported by strong domestic productive capacity.
“Trade becomes more meaningful when it is supported by production. No country can build lasting resilience by depending excessively on imports that it has the capacity to produce competitively at home.
“This is why Dangote Group continues to invest in manufacturing and industrial capacity across cement, sugar, salt and seasoning, packaging, fertiliser, petrochemicals and petroleum refining.
“The theme of this year’s Trade Fair, ‘Resilience: Trade, Taxation and the Economy,’ speaks directly to the realities of our time.
“Nigeria’s economic resilience will ultimately depend on a fundamental choice: to continue to import what we can produce, or build the capacity to produce, compete and export.”
Danmusa noted that strengthening domestic manufacturing capacity would help deepen economic activity, create jobs, support local enterprises and reduce excessive dependence on imported products.
He added that the Group’s investments across various sectors reflect its commitment to supporting Nigeria’s industrialisation and contributing to the development of a more productive and resilient economy.
Also speaking at the Dangote Special Day, the First Deputy President of the Abuja Chamber of Commerce and Industry (ACCI), Prof. Adebisi Adesugba, commended Dangote Industries for its contribution to Nigeria’s economic development.
Adesugba, who represented the President of ACCI, Emeka Obegolu, SAN, said the longstanding partnership between Dangote and the Chamber demonstrates the important
He noted that Dangote’s strategic investments in sectors including cement, fertiliser, agriculture, refining and petrochemicals have contributed to strengthening domestic productive capacity, creating employment opportunities, reducing dependence on imports and supporting foreign exchange generation.
“ACCI recognises Dangote not only as an exhibitor and sponsor, but also as a strategic partner.”
He said the partnership between ACCI and Dangote has contributed to creating opportunities for businesses and entrepreneurs while supporting trade, investment and sustainable economic development.
Adesugba further expressed the Chamber’s appreciation for Dangote’s longstanding relationship and partnership with ACCI, describing the collaboration as an important platform for strengthening the business community and advancing economic opportunities.
The Dangote Special Day brought together business leaders, government representatives, investors, exhibitors, entrepreneurs and other stakeholders as part of activities at the ongoing Abuja International Trade Fair.
Also speaking at the Dangote Special Day, the First Deputy President of the Abuja Chamber of Commerce and Industry (ACCI), Prof. Adebisi Adesugba, commended Dangote Industries for its contribution to Nigeria’s economic development.
Adesugba, who represented the President of ACCI, Emeka Obegolu, SAN, said the longstanding partnership between Dangote and the Chamber demonstrates the important role of responsible corporate participation in promoting commerce, investment and entrepreneurship in Nigeria and across the African sub-region.
He noted that Dangote’s strategic investments in sectors including cement, fertiliser, agriculture, refining and petrochemicals have contributed to strengthening domestic productive capacity, creating employment opportunities, reducing dependence on imports and supporting foreign exchange generation.
“ACCI recognises Dangote not only as an exhibitor and sponsor, but also as a strategic partner.”
He said the partnership between ACCI and Dangote has contributed to creating opportunities for businesses and entrepreneurs while supporting trade, investment and sustainable economic development.
Adesugba further expressed the Chamber’s appreciation for Dangote’s longstanding relationship and partnership with ACCI, describing the collaboration as an important platform for strengthening the business community and advancing economic opportunities.
The Dangote Special Day brought together business leaders, government representatives, investors, exhibitors, entrepreneurs and other stakeholders as part of activities at the ongoing Abuja International Trade Fair.
The event provided an opportunity for stakeholders to engage on issues around taxation, trade, industrialisation, investment, domestic production and the broader prospects for Nigeria’s economic development.
The Inspector General of Police (IGP) Olatunji Disu, has deployed the Deputy Inspector-General of Police (DIG) in charge of Operations, Shehu Umar Nadada, to Imo State to provide operational leadership and strengthen ongoing efforts to rescue the 20 prospective National Youth Service Corps (NYSC) members and other passengers abducted along the Owerri-Onitsha Road at Umunoha on October 1, 2026.
Force Public Relations Officer, Force Headquarters, CSP Anietie Iniedu, disclosed in a statement on Friday that DIG Nadada arrived Imo State alongside two Commissioners of Police and immediately carried out an on-the-spot assessment of the security situation and the search-and-rescue operations being coordinated by the Imo State Police Command.
During the visit, the DIG reviewed operational strategies, personnel deployments, and the utilization of security assets. He also issued fresh directives aimed at enhancing the effectiveness of the coordinated rescue mission.
The assessment was conducted in the company of the Commissioner of Police, Imo State Command, CP Audu Garba Bosso; the Commissioner of Police, Federal Operations, CP Akpan Anifiok; the Commissioner of Police in charge of the Police Mobile Force, CP Nendel Joseph Gomwalk; other service commanders; and members of the Imo State Police Command management team.
According to Iniedu, the police have intensified the search operation, deploying additional tactical teams and operational resources to identified locations.
He said the operation was being reinforced through intelligence-led efforts to track the abductors, alongside coordinated operations with other security agencies.
Nadada, according to the statement, assured members of the public that the police would continue working to secure the safe release of those abducted.
“The Nigeria Police Force is committed to securing the safe rescue of the 20 abducted persons and will sustain the operation until the mission is successfully concluded,” Iniedu quoted Nadada as saying.
The DIG appealed to members of the public and the media to remain calm and vigilant, while urging anyone with credible information that could assist the rescue operation to report to the police or the nearest security formation.
“All information received will be treated with strict confidentiality,” he said.
The police said further information on the rescue operation would be made available as developments unfold.
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