President Bola Ahmed Tinubu has started major reforms in Nigeria’s oil sector, as the country continues to face serious problems like low oil production, poor financial records, and mismanagement. The President recently changed the leadership at the Nigerian National Petroleum Company Limited (NNPC), appointing new hands to help fix the sector. Mr. Bayo Bashir Ojulari, a former Shell executive, has now taken over as the new Managing Director of NNPC. He is replacing Mr. Mele Kyari, who had been in charge since 2019. In the same move, President Tinubu also appointed Mr. Ahmadu Musa Kida, who once worked at TotalEnergies, as the new Chairman of the NNPC Board. The oil sector in Nigeria has suffered from years of inefficiency, corruption, and lack of transparency. NNPC, which is supposed to be the backbone of Nigeria’s oil industry, has often been accused of poor management. With the new appointments, President Tinubu is hoping to bring in experienced professionals who can clean up the system. Mr. Ojulari has been tasked with restructuring the company to make it more efficient. This may involve reducing the number of staff and selling off some assets like petrol stations and refineries that are not working well. Reports say NNPC is currently owing about $6 billion to fuel suppliers, a debt that has made it difficult for the company to operate effectively. To reduce the pressure on the country’s foreign reserves and support local refining, the federal government has introduced a new policy called “Naira for Crude.” This means local refineries can now buy crude oil using the Nigerian naira instead of foreign currency like the US dollar. The move came after a disagreement between NNPC and business tycoon Aliko Dangote. Dangote had stopped selling fuel locally from his massive refinery in Lagos because he was asked to pay in dollars. This situation caused fuel prices to go up, affecting millions of Nigerians. In another move to attract more investment, President Tinubu has signed several executive orders aimed at improving the oil and gas sector. These orders will give tax breaks to investors, reduce the cost and time it takes to approve oil contracts, and review local content rules to make them more friendly for both local and international companies. The main goal is to increase oil production, especially in deepwater and gas projects. The government is targeting to boost crude oil production to 2.06 million barrels per day by the year 2025. Also, the federal government has introduced tax incentives for offshore oil operations and removed value-added tax (VAT) on some petroleum products and equipment. Officials believe these steps will not only bring in more investment but also create new jobs for Nigerians. At the same time, the government is focusing on improving refining capacity in the country. Apart from the Dangote refinery in Lagos, work is ongoing to rehabilitate old government-owned refineries in Port Harcourt and Kaduna. These efforts are expected to make Nigeria a strong player in crude oil refining in Africa. President Tinubu’s strategy shows that his administration is serious about fixing Nigeria’s oil sector. From leadership changes to financial reforms and new policies, the government is trying to rebuild trust and ensure energy security. The journey may not be easy, but with the right moves, Nigeria’s oil sector can return to its former glory and help boost the country’s economy.