The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Ibe Kachikwu, on Sunday said the mandate given to him by President Muhammadu Buhari was to turn around the entire commercial processes and procedures in the corporation in order to impact on its growth trajectory and operations.
He clarified that his mandate in the Corporation was to put in place an efficient, transparent and profit-oriented processes and not to embark on a mass retrenchment of the workforce.
Kachikwu, in a night statement issued by Ohi Alegbe who is the Group General Manager, Group Public Affairs Division of the corporation, stated that the reduction in the directorate from eight to four at the top management cadre of the NNPC was 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 would be the next stage of the ongoing reforms.
The NNPC helmsman noted 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.
Kachikwu reassured that the recent repositioning at the corporation was to put in place the right set of skills for performance.
According to him, 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.