‘I was surprised by claims I’m not from North’ – NNPCL CEO Ojulari clarifies heritage, calls for unity

Bayo Ojulari, the newly appointed Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), has spoken out about his background, emphasizing his deep roots in northern Nigeria amidst reactions to his recent appointment.

“I was surprised when people said I was not from the North. I am a child of the North, and I come from Ilorin. I was brought up in Kaduna State. I started learning Yoruba when I was 15 years old. When I left Kaduna, I went to Zaria to study, so I am a northerner,” Ojulari remarked during a press conference.

In a heartfelt appeal, he highlighted the importance of unity and collaboration for the betterment of the region and the nation. “I need the support of the North to do this work well and bring development to the North and the whole of Nigeria. I need everyone’s prayer as this work is not what one person can do. We need to work together to ensure Nigeria’s progress,” he stressed.

Ojulari also addressed concerns about the relationship between NNPCL and the Dangote Group, reassuring stakeholders that efforts are underway to mend any rifts. “Dangote has made significant contributions, which deserve commendation. We’ve held talks to resolve the conflict. Going forward, we’ll collaborate to ensure consistent fuel supply for Nigerians,” he stated.

Discussing the decline in global crude oil prices and its potential implications for Nigeria’s economy, Ojulari explained, “This decline affects Nigeria’s budget since a major part of it relies on projected oil revenue.” He affirmed that NNPCL is actively working on reducing operational costs to enhance profitability despite the current market challenges.

Lastly, addressing public concerns about the delayed adjustment of local fuel prices in response to dropping global prices, Ojulari clarified, “If [dealers] bought fuel at a higher price before the drop, they’ll need to sell at that old rate. But with new purchases at lower prices, we expect local prices to eventually reflect the change,” indicating that consumers can expect adjustments in fuel pricing soon.

Source: Tribune