If you want to understand how NNPC Limited actually runs day-to-day, you need to look beyond the board. The board sets strategy. The management team executes it.
The management team is led by the Group Chief Executive Officer. Below him are Executive Vice Presidents who head major directorates. Each EVP is responsible for a specific area of the business. They work together to keep the company moving.
Here’s who does what, how the team is organized, and why it matters.
The Short Answer
The NNPC Limited management team is responsible for the day-to-day operations of the company. It is led by the Group Chief Executive Officer, Bashir Bayo Ojulari.
The management team includes Executive Vice Presidents for:
- Upstream
- Downstream
- Gas and Power
- Finance and Accounts
- Corporate Services
- Business Development
The team also includes a Chief Financial Officer and Managing Directors of subsidiaries.
The management team implements board decisions, runs operations, manages staff, and reports performance back to the board.
If you’re curious about who is the GCEO of NNPC, he leads this team. And if you want to understand what NNPC Limited is under the Petroleum Industry Act, the management structure is part of the new corporate governance framework.
The Management Structure
Group Chief Executive Officer
The GCEO is the head of the management team. He is appointed by the board and reports to the board.
The GCEO is responsible for:
- Implementing board decisions
- Leading the executive management team
- Managing day-to-day operations
- Representing NNPC Limited to external stakeholders
- Reporting performance to the board
The current GCEO is Bashir Bayo Ojulari, appointed in April 2025.
The organizational structure of NNPC Limited places the GCEO at the top of management.
Executive Vice Presidents
Below the GCEO are Executive Vice Presidents who head major directorates. Each EVP is responsible for a specific area of the business.
The EVPs work together as a team. They coordinate across directorates to ensure the company runs smoothly.
Chief Financial Officer
The CFO manages the company’s financial affairs. The current CFO is Adedapo Segun.
The CFO reports to the GCEO and works closely with the EVP of Finance and Accounts.
Managing Directors of Subsidiaries
Each subsidiary has a Managing Director who reports to the relevant EVP. For example, the MD of NPDC reports to the EVP, Upstream.
The MDs are responsible for the day-to-day operations of their subsidiaries.
The list of NNPC subsidiaries and their functions shows the full range of subsidiary operations.
Functions of Each Management Role
EVP, Upstream
The EVP, Upstream is responsible for exploration and production activities.
Key functions include:
- Overseeing oil and gas exploration
- Managing production operations
- Supervising joint ventures with international oil companies
- Managing production sharing contracts
- Ensuring optimal production levels
The EVP works with subsidiaries like NPDC and NEPL.
EVP, Downstream
The EVP, Downstream is responsible for refining, marketing, and distribution.
Key functions include:
- Overseeing refinery operations
- Managing product distribution
- Supervising retail marketing (NNPC Retail)
- Coordinating with PPMC for wholesale distribution
The EVP works with subsidiaries like NNPC Retail, PPMC, and the three refineries.
Understanding NNPC refineries locations and status falls under this EVP’s responsibilities.
EVP, Gas and Power
The EVP, Gas and Power is responsible for gas development and power projects.
Key functions include:
- Managing domestic gas sales
- Overseeing gas infrastructure development
- Supervising power investments
- Managing NLNG interests
The EVP works with subsidiaries like NNPC Gas Marketing, NNPC Gas and Power Investment Company, and NNPC Gas Infrastructure Company.
The NNPC LNG investments explained are managed under this EVP.
EVP, Finance and Accounts
The EVP, Finance and Accounts is responsible for financial management.
Key functions include:
- Financial planning and budgeting
- Accounting and reporting
- Treasury management
- Tax compliance
- Financial controls
The EVP works closely with the CFO.
The NNPC financial statements explained are prepared under this EVP’s supervision.
EVP, Corporate Services
The EVP, Corporate Services is responsible for support functions.
Key functions include:
- Human resources management
- Legal services
- Corporate communications
- Administration
- Information technology
This EVP ensures the company has the staff, systems, and support it needs to operate.
EVP, Business Development
The EVP, Business Development is responsible for growth and investment.
Key functions include:
- Identifying new business opportunities
- Managing partnerships and joint ventures
- Leading investment initiatives
- Supporting IPO preparation
This EVP is key to NNPC Limited’s future growth.
How the Management Team Works Together
Regular Meetings
The management team meets regularly, typically weekly. The GCEO chairs the meetings.
Agendas include:
- Operational performance review
- Financial updates
- Project status
- Strategic initiatives
- Risk management
Coordination Across Directorates
The EVPs coordinate closely. Upstream and Gas work together on gas production. Downstream and Gas work together on gas distribution. Finance supports all directorates.
The objectives and mandate of NNPC guide this coordination.
Reporting to the Board
The management team reports to the board regularly. The GCEO presents performance reports. The board reviews and provides guidance.
The NNPC board of directors and their roles include overseeing management.
How the Management Team Has Changed
| Aspect | Old NNPC | NNPC Limited |
|---|---|---|
| Leadership | Group Managing Director | Group Chief Executive Officer |
| Reporting line | Reports to minister | Reports to board |
| Appointment | Ministerial | Board appointment |
| Structure | Less defined | Clear EVP structure |
| Accountability | Government channels | Corporate governance |
| Transparency | Limited | Mandatory disclosure |
The difference between NNPC and NNPC Limited is evident in the management team structure.
Key Functions Summary
| Role | Key Functions |
|---|---|
| GCEO | Lead management, implement board decisions, day-to-day operations |
| EVP, Upstream | Exploration, production, joint ventures, PSCs |
| EVP, Downstream | Refining, marketing, distribution |
| EVP, Gas and Power | Gas development, power projects, NLNG |
| EVP, Finance | Financial planning, accounting, tax, treasury |
| EVP, Corporate Services | HR, legal, communications, IT, administration |
| EVP, Business Development | New opportunities, partnerships, investments, IPO |
| CFO | Financial management (works with EVP Finance) |
| MDs (Subsidiaries) | Day-to-day operations of subsidiaries |
Why the Management Team Matters
Accountability
The management team is accountable to the board. The board can replace underperforming executives. The April 2025 leadership change demonstrated this.
Execution
The board sets strategy. The management team executes it. Without a strong management team, strategy is just words on paper.
Transparency
The management team prepares the financial statements. The NNPC financial statements explained show how the company is performing. Nigerians can see the numbers.
Future Growth
The management team is leading IPO preparation. If successful, Nigerians will have the opportunity to invest directly in NNPC Limited.
The can the public buy NNPC shares question depends partly on management’s success.
Conclusion
The NNPC Limited management team is responsible for the day-to-day operations of the company. It is led by the Group Chief Executive Officer, Bashir Bayo Ojulari.
The team includes Executive Vice Presidents for Upstream, Downstream, Gas and Power, Finance and Accounts, Corporate Services, and Business Development. It also includes a Chief Financial Officer and Managing Directors of subsidiaries.
The management team implements board decisions, runs operations, manages staff, and reports performance back to the board. Each EVP has specific functions within their directorate.
The management team structure is fundamentally different from the old NNPC. The old NNPC had a Group Managing Director who reported to the minister. NNPC Limited has a GCEO who reports to the board. The lines are clearer. Accountability is stronger.
For Nigerians, the management team matters because they are the ones who actually run the company. They execute the strategy. They deliver the results. They are accountable to the board, which is accountable to the government, which is accountable to the people.
Official sources for verification:
Last updated: April 2026. Information based on Petroleum Industry Act 2021 provisions, NNPC announcements, and official government communications.
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