NNPC on path to profitability, autonomy – Baru



10 August 2016, Abuja – Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) Mr. Maikanti Baru, says the NNPC is undergoing a transition that would position it on the path of profitability, growth and autonomy.

In a statement in Abuja, Baru who was addressing members of staff in his maiden town hall meeting, disclosed that the NNPC under his watch would continue with the previous initiatives to further grow the business and increase profitability as envisioned by the founders of the Corporation.

According to him, the NNPC is today in transition for positive reform, which is not only inevitable but imperative in the light of current business realities and the onus on the NNPC to deliver on its statutory mandate.

He said members of staff have a collective responsibility to ensure the success of the ongoing reforms in the NNPC. He said, “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.”

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 actualization of the mission.

Baru identified 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, the NNPC Group Chairman of 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 onerous task to reposition the Corporation for growth and profitability.

  • Vanguard
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