A Review of the Nigerian Energy Industry

NNPC’s SBUs, refineries to now operate as profit centres – Kachikwu

15 August 2015, Abuja – In furtherance of the ongoing restructuring of operations and management of state oil company, the Nigerian National Petroleum Corporation (NNPC), its Group Managing Director (GMD), Dr. Ibe Kachikwu on Friday said that all of the corporation’s Strategic Business Units (SBUs) and refineries must now begin to operate as profit centres.

NNPC-Towers-AbujaKachikwu also said that some of the strategic targets of the corporation in undertaking reforms of its operations and management would be translated into concrete milestones to the appreciation of all Nigerians within the next 60 days.

By operating as profit centres, Kachickwu however meant that NNPC’s corporate service unit and all the SBUs would henceforth be run as profit centers with value addition expected from them.


– This Day

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