By Chika Eze, Abuja
The Executive Secretary of the Nigeria Extractive Industries Transparency Initiative (NEITI), Dr. Orji Ogbonnaya Orji, has expressed strong confidence in the leadership of the Nigerian National Petroleum Company Limited (NNPC Ltd.), led by Group CEO, Engr. Bashir Bayo Ojulari, to deliver on ongoing reforms and set new benchmarks for corporate governance in Africa’s extractive industry.
Speaking during a courtesy visit to the NNPC Towers in Abuja on Thursday, Dr. Orji commended the vision of the new management, describing its assumption of office as timely for Nigeria’s extractive sector.
He noted that the current wave of reforms, growing investor confidence, and the expansion of indigenous participation are reshaping the country’s oil and gas landscape.
The NEITI boss urged NNPC Ltd. to stand as a model of transparency, accountability, efficiency, and civic engagement values, he said, are essential for restoring public trust and safeguarding the company as Nigeria’s greatest national asset.
[PHOTO NEWS]
Yesterday, Engr. Bashir Bayo Ojulari, Group Chief Executive Officer of NNPC Ltd., received Dr. Orji Ogbonnaya Orji, Executive Secretary/CEO of the Nigeria Extractive Industries Transparency Initiative (NEITI), and his leadership team at the NNPC Towers in Abuja.… pic.twitter.com/6Uz9WoILOu
— NNPC Limited (@nnpclimited) August 29, 2025
Engr. Ojulari reaffirmed NNPC Ltd’s commitment to deepening collaboration with NEITI in order to strengthen corporate governance in line with global transparency and accountability standards.
He added that the company had already reinstated the publication of its monthly financial and operational reports and enhanced its internal reporting frameworks to ensure greater openness.
“In terms of full compliance with NEITI principles and global EITI standards, you have my full commitment. We will continue to look to your guidance as we advance our internal transformation, strengthen transparency in operational reporting, and improve performance reviews,” Ojulari assured.
He stated that NNPC Ltd. would rely on NEITI’s global experience for feedback on performance evaluations.
On the forthcoming NEITI 2024 Oil and Gas Audit, he said the company was fully prepared to provide comprehensive data for both the 2024 and 2025 audits, leveraging technology to ensure efficiency and timely delivery.
Ojulari also emphasized President Bola Tinubu’s directive to the new NNPC Ltd. management to ramp up oil and gas production and expand Nigeria’s refining capacity.
He added that achieving these goals would require attracting at least $60 billion in fresh investments, a target that depends on sustained transformation, investor confidence, and stronger partnerships with operators, government agencies, and accountability institutions like NEITI.