The Nigerian National Petroleum Company (NNPC) Limited has said that it is focused on building a high-performing, transparent, and agile organisation that will be IPO-ready after 2026.
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Bayo Ojulari revealed this while responding to questions at the Bloomberg Fire Chat during the ongoing Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC 2025) taking place in Abu Dhabi, United Arab Emirates (UAE).
In July, Ojulari, at the 9th Organisation of the Petroleum Exporting Countries International Seminar recently held in Vienna, Austria, said the state oil company was on track to be listed on the stock exchange by 2028 as part of its strategic transformation into a commercially viable, globally competitive energy company.
“As I mentioned earlier, we have a roadmap to be listed by 2028,” Ojulari announced to the audience, comprising global energy leaders, OPEC ministers, oil company executives, international investors, and key stakeholders in the oil and gas industry.
According to him, the listing is part of a larger roadmap enabled by the Petroleum Industry Act, which he said has reset and stabilised Nigeria’s energy industry.
“Nigeria has been undergoing a transformational journey since the enactment of the Petroleum Industry Act.
“The PIA has reset and brought stabilisation to the energy industry, particularly oil and gas in Nigeria. It gives us the roadmap and allows us to monitor our progress,” Ojulari said.
In a statement released and signed by Chief Corporate Communications Officer NNPC Ltd, Andy Odeh, in Abuja, on Tuesday, the GCEO noted that the company had raised Nigeria’s oil output to 1.7 million barrels per day, with targets of 2 million by 2027 and 3 million in the long term.
READ ALSO: NNPCL Reiterates 2mb/d Oil Production By 2027, $60b Fresh Investment By 2023
He described the hike in oil output target as a growth driven by redefined relationships with International Oil Companies and independents, removing legacy blockers and aligning on shared value.
@ Firechat with Bloomberg’s @ManusCranny
NNPC Limited is focused on building a high-performing, transparent, and agile organisation that will be IPO-ready beyond 2026. pic.twitter.com/M3XGKrQv82
— Bashir Bayo Ojulari – BBO (@BBOjulari) November 5, 2025
