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MAROOF AREMU
Commercial & Business Development Leader | Oil & Gas
Lekki
Summary
Commercial and business development leader with over 34 years' experience across upstream, midstream, and downstream oil & gas. Proven record of delivering $50M+ annual cost savings, $20M+ revenue recovery, and double-digit growth.
Expert in investment appraisal, deal structuring, JV partnerships, portfolio optimization, and value creation, with a strong track record engaging regulators, partners, and host communities to achieve strategic outcomes.
Overview
35
35
years of professional experience
Work History
Lead, Business Development / Commercial
NNPC Exploration & Production Ltd. (NEPL)
Benin City, Nigeria
02.2022 - 04.2026
- Lead economic modelling (NPV, IRR, sensitivities) for upstream investments
- Structure and negotiate JV agreements, MOUs, and commercial frameworks
- Conduct commercial due diligence and feasibility studies
- Support portfolio optimization and reserves evaluation
Impact:
- Delivered gas monetization initiative, unlocking new revenue streams
- Improved investment decision quality and speed via enhanced modelling tools
- Strengthened JV governance and partner alignment
Lead, Inland Depots (Regional Operations)
NNPC
Abuja, Nigeria
05.2018 - 02.2022
- Managed large-scale supply chain and distribution network
- Coordinated stakeholders across refineries, regulators, and partners
Impact:
- Reduced operational losses and improved profitability and efficiency
- Enhanced regional supply reliability
Coordinator, Private Depots Operations | 2015 – 2018
- Managed multi-site depot network (17+ facilities)
- Led product reconciliation, throughput optimization, and sales growth
Impact:
- Achieved 10–20% YoY revenue growth
- Reduced logistics losses by ~5%
- Maintained business continuity during national supply disruptions
Coordinator, Private Depots Operations
NNPC
Lagos, Oghara, Nigeria
10.2015 - 05.2018
- Managed multi-site depot network (17+ facilities)
- Led product reconciliation, throughput optimization, and sales growth
Impact:
- Achieved 10–20% YoY revenue growth
- Reduced logistics losses by ~5%
- Maintained business continuity during national supply disruptions
Supervisor, Special Products & Marine Logistics
NNPC
Abuja, FCT
08.2012 - 10.2015
- Managed commercial sales of refined products and export opportunities
- Supervised marine logistics, vessel operations, and demurrage control
- Implemented company policies effectively, maintained high standards of service delivery.
Impact:
- Delivered ~20% annual revenue growth
- Reduced marine losses, saving ~$20M annually
KEY VALUE DELIVERED
- Eliminated transit losses → $50M annual savings
- Recovered ₦10BN (~$20M+) in commercial losses
- Recovered ₦5.27BN via reconciliation and audit controls
- Generated ₦1.3BN revenue through product optimization
Earlier Roles
NNPC
Lagos, Nigeria
04.1991 - 08.2012
- Sales Officer – Statistics
- Marketing Officer
- Accounts Officer (Computer Unit & Local, foreign Payments)
- Petroleum Trust Fund Coordination
Built strong foundation in financial operations, sales analysis, and commercial reporting
Education
Bachelor of Science - Computer Science
University of Ilorin
Nigeria 19920 - 06.2001
Master of Science - Computer Science
University of Ibadan
Nigeria 09.2006 - 05.2008
Bachelor of Business Administration - Marketing
Ladoke Akintola University
Nigeria 09.2008 - 04.2010
Bachelor of Science - Economics
University of Abuja
Nigeria 09.2011 - 05.2016
Bachelor of Arts - Law
University of Benin
Nigeria 20171 - 05.2024
Skills
Commercial Strategy & Business Development
Investment Appraisal & Economic Modelling
JV Partnerships & Deal Structuring
Portfolio Optimization & Growth Strategy
Stakeholder & Regulatory Engagement
Leadership & Team Development
Affiliations
SPE | NAPE | Energy Institute (UK) | Fellow, Chartered Institute of Economics
Accomplishments
- Secretary, NNPC Stock Committee
- Secretary, Crude Oil Deliveries & Refineries Performance Review
Interests
Additional Information
Training in USA | UK | UAE – Leadership, Energy Economics, Multicultural Management
Island Club of Lagos
Member
Timeline
Lead, Business Development / Commercial
NNPC Exploration & Production Ltd. (NEPL)
02.2022 - 04.2026
Lead, Inland Depots (Regional Operations)
NNPC
05.2018 - 02.2022
Coordinator, Private Depots Operations
NNPC
10.2015 - 05.2018
Supervisor, Special Products & Marine Logistics
NNPC
08.2012 - 10.2015
Earlier Roles
NNPC
04.1991 - 08.2012
Bachelor of Science - Computer Science
University of Ilorin
19920 - 06.2001
Master of Science - Computer Science
University of Ibadan
09.2006 - 05.2008
Bachelor of Business Administration - Marketing
Ladoke Akintola University
09.2008 - 04.2010
Bachelor of Science - Economics
University of Abuja
09.2011 - 05.2016
Bachelor of Arts - Law
University of Benin
20171 - 05.2024