NNPCL Board Faces Criticism Over Foreign Retreat Amid Economic Hardship
Lagos, Nigeria – Public criticism has trailed the recent decision by the Nigerian National Petroleum Company Limited (NNPCL) to hold a management retreat in Kigali, Rwanda, amid growing economic strain at home. The retreat, attended by members of the board and top management, has sparked outrage among Nigerians who view the trip as wasteful and insensitive. Observers note that the decision raises serious questions about priorities at the state-owned oil company, especially under the leadership of newly appointed CEO, Bayo Ojulari. Many had hoped Ojulari’s tenure would mark a break from the past and usher in an era of reform, but the Kigali trip has instead drawn comparisons to previous controversial retreats — including a similar event held in Qatar during Mele Kyari’s administration. Critics argue that NNPCL’s top officials should be focusing on domestic challenges rather than expensive trips abroad. With the country grappling with high fuel prices, a weakened naira, and widespread unemployment, the optics of the foreign retreat have been widely condemned as tone-deaf. Some have questioned whether such retreats yield any tangible benefits or are simply a continuation of a culture of excess. Concerns have also emerged within the organization itself. Sources suggest that Ojulari is facing internal resistance, struggling to assert his authority and drive much-needed reform. The recent resignation of the Chief Corporate Communications Officer is being seen by some as an indication of internal dissatisfaction and leadership challenges. Analysts warn that unless strong, transparent leadership is established, NNPCL may remain locked in a cycle of inefficiency and unaccountability.