NNPC restates commitment to profitability

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The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) Dr. Maikanti Kacalla Baru, has said the 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.He 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,” 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 emphasise 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.”

The GMD 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, the NNPC Group Chairman of the Nigeria Union of Petroleum and Natural Gas (NUPENG), Comrade Mathew, Duru expressed the readiness of the unions to support Dr. Baru and his management team to succeed in their task to reposition the Corporation for growth and profitability.

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