A Review of the Nigerian Energy Industry

President Buhari’s mandate to me, by Kachikwu  

 27 August 2015, Sweetcrude, Abuja – Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Dr. Ibe Kachikwu, has revealed that the mandate given to him by President Muhammadu Buhari is to turn around the entire commercial processes and procedures in order to impact on the growth trajectory and operations of the Corporation.
Dr.Emmanuel Ibe Kachikwu, NNPC GMD-480x500According to him, his mandate in the Corporation is also to put in place an efficient, transparent and profit-oriented processes and not to embark on a mass retrenchment of the workforce.
He said the recent reduction in the NNPC directorate from eight to four is to refocus and sharpen the business aspiration of the company, adding that training and retraining of members of staff to align with the new vision is the next stage of the ongoing reforms.
Assuring that the recent repositioning in the Corporation was to put in place the right set of skills for performance, he stressed that the new arrangement provides a veritable vista for upcoming professionals in the Corporation to have a speedy career path.
He stated that the NNPC under his watch would put in place mechanisms that would plug all revenue leakages in the upstream, midstream and downstream sectors while adding that all crude oil proceeds due for the Federation Account would be remitted accordingly.
The group managing director had earlier announced that all According to him, the reduction in the directorate from eight (8) to four (4) at the top management cadre of the NNPC is to refocus and sharpen the business aspiration of the Corporation, adding that training and retraining of members of staff to align with the new vision is the next stage of the ongoing reforms.
Dr. Kachikwu reassured that the recent repositioning is to put in place the right set of skills for performance stressing that the new arrangement provides a veritable vista for upcoming professionals in the Corporation to have a speedy career path.
He stated that the NNPC under his watch would put in place mechanisms that would plug all revenue leakages in the upstream, midstream and downstream sectors while adding that all crude oil proceeds due for the Federation Account would be remitted accordingly. According to him, the reduction in the directorate from eight (8) to four (4) at the top management cadre of the NNPC is to refocus and sharpen the business aspiration of the Corporation, adding that training and retraining of members of staff to align with the new vision is the next stage of the ongoing reforms.
Dr. Kachikwu reassured that the recent repositioning is to put in place the right set of skills for performance stressing that the new arrangement provides a veritable vista for upcoming professionals in the Corporation to have a speedy career path.
He stated that the NNPC under his watch would put in place mechanisms that would plug all revenue leakages in the upstream, midstream and downstream sectors while adding that all crude oil proceeds due for the Federation Account would be remitted accordingly. According to him, the reduction in the directorate from eight (8) to four (4) at the top management cadre of the NNPC is to refocus and sharpen the business aspiration of the Corporation, adding that training and retraining of members of staff to align with the new vision is the next stage of the ongoing reforms.
Dr. Kachikwu reassured that the recent repositioning is to put in place the right set of skills for performance stressing that the new arrangement provides a veritable vista for upcoming professionals in the Corporation to have a speedy career path.
He stated that the NNPC under his watch would put in place mechanisms that would plug all revenue leakages in the upstream, midstream and downstream sectors while adding that all crude oil proceeds due for the Federation Account would be remitted accordingly.
The group managing director had earlier announced that all Production Sharing Contracts, PSCs, Joint Venture Agreements, JVAs and other contracts between the NNPC and its various partners, including multinational oil companies, would be reviewed to reflect current day realities in the global oil and gas industry.

 

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