NNPC GMD Restates Commitment to Growth, Profitability

Wed, Aug 10, 2016
By publisher
2 MIN READ

BREAKING NEWS, Oil & Gas

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MAIKANTI Kacalla Baru, group managing director of the Nigerian National Petroleum Corporation, NNPC, says NNPC under his watch will continue with the previous initiatives to further grow the business and increase profitability as envisioned by the founders of the Corporation.

The GMD made this assertion during his maiden town hall meeting with members of staff at the NNPC Towers in Abuja.

“The NNPC is today in transition for positive reform. A transition to autonomy, profitability and growth. This transition is not only inevitable but imperative in the light of current business realities and the onus on NNPC to deliver on its statutory mandate,” Dr. Baru declared.

According to him, “we have a collective responsibility to ensure the success of this ongoing reform in NNPC. The task of doing so begins with you and me, by changing our attitude; particularly, the way we work and do business.

“We are all required to develop mindsets that emphasize diligence, commitment and sacrifice. Therefore, it is indeed not going to be business as usual’’, the GMD stressed.

He noted that in line with the NNPC’s mission statement of being an integrated oil and gas company engaged in adding value to the nations hydrocarbon for the benefit of Nigerians, the Corporation under him would focus on a 12 point agenda to support and drive the actualisation of the mission.

Baru disclosed the theme of the agenda as “Moving NNPC Forward…Together” adding that “in the race to change the fortunes of our dear Corporation for the better, I cannot do it all alone. Therefore, we are all in this together.”

He outlined the agenda to include security, new business models, Joint Venture cash calls, production and reserve growth, NPDC growth, gas development, oil and gas infrastructure, refinery upgrade and expansion.

Commenting on behalf of the staff, Mattew Duru, NNPC group chairman of Nigeria Union of Petroleum and Natural Gas, expressed the readiness of the Unions to support Baru and his management team to succeed in their onerous task to reposition the NNPC for growth and profitability.

—  Aug 10, 2016 @ 17:58 GMT

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