Buhari Mandated Me To Turn NNPC Around – Kachikwu


Dr. Ibe Kachikwu, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) has stated that his mandate in the Corporation is to put in place an efficient, transparent and profit-oriented process and not to embark on a mass retrenchment of the workforce.

In a statement issued on Sunday in obvious reference to threats by the two key labour unions to stop the ongoing restructuring of the Corporation which Kachikwu initiated upon his assumption of office.

The workers had complained about the attendant job losses of the reforms.

But the NNPC GMD said the mandate given to him by President Muhammadu Buhari is to turn around the entire commercial process and procedure in order to impact on the growth trajectory and operations of the Corporation.

Kachikwu also explained that 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.

He also revealed that all Production Sharing Contracts, Joint Venture Agreements and all other contracts between the NNPC and its various partners would be reviewed to reflect current day realities in the global oil and gas industry.

According to him, the repositioning going on in NNPC 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.

Kachikwu also ssured that under him, NNPC woul 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.


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