I’m Not On Mass Retrenchment Mission At NNPC, Says Kachikwu

Must Read

Director Of Wuhan Hospital Dies Of Coranavirus

A hospital director in the Chinese metropolis of Wuhan, the epicentre of a new coronavirus outbreak, died from the...

An Investment That Pays Upfront; An Expose On The New Investment Product From Horizon Estates

Get Up To N5.46M ROI After 12 Months and A BuyBack Guarantee on Purchase of Their 4 Bed Duplexes...

How Paradise Estates Is Building Value For The People Of Abuja

Having successfully delivered over 500 homes since their inception, Paradise Abuja has saddled themselves with the responsibility to create...

Odion Ighalo, First Nigerian To Play For Man-U Since Inception

Nigeria's Odion Ighalo made history on Monday night as he came on for his new club Manchester United in...

Nigerian Newspaper Headlines Today: 18th February 2020

Falana Moves To Sue Buhari For Keeping Service Chiefs Foremost Human rights lawyer, Femi Falana, says he will file a...
daniel
Ardent Reader, News Freak, Socio-Political Commentator, Archaeologist & Pro-Democrat.

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

In a statement by the corporation yesterday, Kachikwu stated 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 overall growth trajectory and operations of the corporation.

According to him, the reduction in the directorate from eight to four 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 pointed out that all Production Sharing Contracts (PSCs) Joint Venture (JV) 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 further 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.

While pledging that the NNPC under his watch would put in place mechanisms that would plug all revenue leakages in the upstream, midstream and downstream sectors, the new oil chief stated that all crude oil proceeds due for the Federation Account would be remitted accordingly.

- Advertisement -
Ad ==> TRUTH FINALLY OUT! Discover how a young Nigerian graduate now makes a consistent 40k per week doing a legitimate online business. You too can start yours now, click here!!!

1 COMMENT

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More Articles Like This

- Advertisement -