The Nigerian National Petroleum Corporation, NNPC, yesterday, stated that its ongoing restructuring was designed to reposition its operations and refineries to profit-making ventures.

This was even as the NNPC denied claims that it was pursuing an ethnic agenda in the ongoing restructuring of the corporation. The NNPC, in a statement issued after an interactive session with the top management of the Corporation in Abuja, disclosed that it is poised to ensure that all its refineries are run efficiently and profitably to meet the energy needs of the country. Speaking at the forum, Group Managing Director of the NNPC, Mr. Emmanuel Kachikwu, stated that the days when the Corporation was perceived as a civil service organization instead of a Corporation were over. According to him, the Corporate Service Unit and all the Strategic Business Units of the NNPC would henceforth be run as profit centers. To this end, Kachikwu solicited the support of the management of the NNPC and its subsidiaries in closing the skills gap and in turning the fortunes of the Corporation around. He stated that efforts are in top gear to create a conducive working environment for members of staff, adding that for the NNPC to transform into a profit center like its peers in other climes, the morale of the work force must be high. He urged the management to provide leadership by example to the workforce while adding that sectionalism, tribalism and any form of non- transparent transactions must be completely stamped out of the NNPC. He also appealed to members of staff to act as change agents, assuring them that in the next 60 days some of the strategic targets would be translated into concrete milestones to the appreciation of all Nigerians. Commenting on claims that it was pursuing an ethnic agenda, the NNPC disclosed that its recent appointments and retirement were done with the approval of President Muhammadu Buhari and in compliance with federal character principles. It said, “The NNPC has decried attempts by a section of the media to politicise the recent appointments and retirements in the Corporation by imputing ethnic colouration to the exercise. “The appointments were made with the express approval of President Muhammadu Buhari and in compliance with extant laws regarding federal character, while the retirement exercise affected all those who were to retire between now and 2016 without any regard to ethnicity or state of origin. “The recent appointments, promotions, and retirements are all a part of the ongoing restructuring exercise aimed at repositioning the Corporation into a lean, efficient, profit-driven organization in line with international best practices without regard to primordial sentiments.” The NNPC, however, called on the Nigerian public to discountenance any report aimed at denigrating the ongoing reorganisation exercise in the Corporation.”


http://www.vanguardngr.com/2015/08/our-refineries-will-now-make-profits-nnpc/

Na so

y kwanu....

That was the aim in the first place till thieves and looters took over to start making profit for themselves.

Profit no concern me.

Make buhari reduce pms price to 40NAIRA PER LITRE

Ok

They will make profits because Diezani and GEJ no longer starve the refineries of crude oil for them to effectively function, in order to continue with their fraudulent offshore processing agreements and criminal petroleum round-tripping imports.

Even though importation continues, the fraudulent officials and companies are being expelled and government is actively working to maximize the output of the refineries so we can minimize or stop importation and OPA's completely.

Under President Buhari, the NNPC will run like ExxonMobil or Shell, and no longer like NIPOST.

Thank God we kicked out Cluelessness from governance.

NNPC to be profit making establishment under which law! and you want to fight corruption! hian

PassingShot:
Thank God we kicked out Cluelessness from governance.

I really thanks God everyday for helping us kick cluelessness off.....
All we have to do is wait for the chief wailer to create another senseless thread countering this....

Have any one hear from the chief in wailing and co travellers? Haven't heard from them with their wailing threads for a while now.

BossTtdiamonds:

I really thanks God everyday for helping us kick cluelessness off.....
All we have to do is wait for the chief wailer to create another senseless thread countering this....

He seems to be losing his steam. I predicted he was going to do at least two threads this week but he managed only one plus one other one where he wailed about cloning of his moniker.

We await his thread as we're ready to disect his usual rubbish.

They can't even meet up with the demands of the Nigerian people, they are talking about profits. How many public liability companies a and public corporations do they know that make profit. Perhaps they don't know the primary function of a government run company. Its primary function is to protect the interests of the people by giving positive externalities to them. If they want to make profit, they should ask PMB to act like a president and coerce the senate into reviewing the act that set up the NNPC. Its time the NNPC is broken up and sold, thereby converting it into unit split corporate companies. They don't know that this was the intention of the innovative Maduekwe and the Magnificent GEJ. The refurbishing of the refineries was simply to make them attractive for auction. That is the way to go, not this cosmetic facelift being performed on the NNPC. Government has no business doing business

good

hinwazaka:
They can't even meet up with the demands of the Nigerian people, they are talking about profits. How many public liability companies a and public corporations do they know that make profit. Perhaps they don't know the primary function of a government run company. Its primary function is to protect the interests of the people by giving positive externalities to them. If they want to make profit, they should ask PMB to act like a president and coerce the senate into reviewing the act that set up the NNPC. Its time the NNPC is broken up and sold, thereby converting it into unit split corporate companies. They don't know that this was the intention of the innovative Maduekwe and the Magnificent GEJ. The refurbishing of the refineries was simply to make them attractive for auction. That is the way to go, not this cosmetic facelift being performed on the NNPC. Government has no business doing business

well said! it looks more of so much of cosmetic than actually a solution!