₦airaland Forum

I dey come make i go cyber cafe go edit my cv

May the year 2016 bring favour for me, my family and fellow Nigerians. May no one be adversely affected by this retrenchment.

Wow

The more reason FG needs to get as much cash back from the last adminitration as possible. Nigeria is Broke..

Ok

k

As long as it eradicate long queue in filling station and bring better living to the masses,then, go ahead but if is to increase the hardship pls don't ever try it ooo.

The headline is misleading

Where is Tam David West? I hope he agrees with all of these. He's been silent especially now that he's promise of #40/liter PMS if Buhari becomes the president is not realizable.

Jeeeèesu, is this the change we've been expecting? This is not funny fa. Wit banking industry dwindling and other sectors? Baba Buhari, why now

More and more people ar getting unemployed by the day.This is real CHANGE in the negative direction.

In marvin Gaye's vice....let's get it on. It was expected. More are still expected according to kemi.

We all are already refugees and like a goat that has been pushed to a wall the masses like Arab spring shall answer back. Bubu should continue flexing and expecting us to bear the brunt.

Okay

Sijo01:
mogbe!!!
Where are the shange chanters? Your pay master is really working.

they are sleeping

You pep should stop peddling fake rumour'. The GMD said, 1100 HQTR staffs will be disengaged not Sack' they might be send to other subsidiaries or division. Not terminated'. Rumor mongers

And the change keeps getting worse! Enjoy it!

Some people never collect November salary. This change is looking like a negative one. Buhari is still.confused

Too many redundant workers there.

They'll be redeployed from d headquarters to other units not completely sacked

todayng:
The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, yesterday, stated that he had received the Presidency’s approval to commence the final phase of the restructuring of the Nigerian National Petroleum Corporation (NNPC), which would see the Corporation unbundled into four components, while about 1,100 of NNPC headquarters’ staff would be disengaged.
He also stated that the country no longer has the resources to fund its oil and gas industry, and it is, therefore, considering and developing new models of financing for the industry in the days ahead.
Kachikwu, who spoke at a town-hall meeting in Abuja, yesterday, disclosed that in January 2016, the final decision on the fate of the country’s refineries would likely be made. He also stated that arrangements have been concluded to adopt a price modulation mechanism that would see the corporation setting a price ceiling of between N87 and N97 per litre for Premium Motor Spirit, PMS, also known as petrol.
Kachikwu, who doubles as the Group Managing Director of NNPC said, “Financing is going to be a key component of our goal because new models of financing would have to emerge. The country does not have the sort of resources to continue to fund the oil industry. As we go upstream, we are going to begin to see a lot of innovative financing mechanism to provide funding for the oil industry.”
“My dream, if I achieve it, is that by the end of 2016, we would completely exit cash calls and be able to find our funds one way to help support our business and get a lot more autonomy in terms of running the industry and report, basically, profit to the Federal Government.”
On the unbundling process, Kachikwu said the NNPC would be broken into four key components, namely: the upstream company, downstream company, the midstream company, which is gas and power marketing, and the refining group holding company.
According to him, one of the major restructuring efforts would be in making the headquarters operations cost effective, hence, about more than half of its 2,200 core headquarters staff would be whittled down, with a lot of the affected staff assigned to the subsidiaries to help make the units more efficient and profitable.
Kachikwu said, come January 2016, strategic decisions would be made in terms of what areas of the country’s refineries would be closed to allow for full re-kitting before reopening them for operations while it would also be considering the best-operating model for the refineries.
“Ultimately, technical support, technical services, and technical joint venturing would also be models we would be looking at and reviewing in terms of the refineries. The whole idea is to find the funds, find the right skills that you need, support the skills that you have and try to give out, real-time, above 90 per cent consistent performance in refining.”
On the issue of fuel subsidy removal and subsequent hike in the price of PMS (Petrol), Kachikwu stated that, “One thing we are very committed to next year, is to reduce the level of Federal Government subsidy, if any, to the industry, so that the industry can grow on its own strength. We can do that without the mechanism of saying subsidy is being removed or whatever but have a benchmark approach to setting prices. We are going to see a lot more quarterly type analysis of what prices would go for the downstream industry, relative to the price of crude oil,” he stated.
“The report that fuel is going to sell for 97 was not a correct. I did not say refined products will sell for N97. I said that between a band of N87 and N97 per litre, we are going to be looking at prices. Today, the prices are largely close to N87, so there might be no need to change prices,” he added.
The minister also disclosed that the Federal Government was considering allocating a number of marginal oil fields to the Nigerian Petroleum Development Company (NPDC), if it performs creditably, so as to help it increase its crude oil reserves base.
He also disclosed that a much more focused audit would be conducted on the operations and activities of the NPDC, to ascertain its asset base and also determine whether it is increasing or depleting its reserves.
Speaking on NNPC’s financials, he said: “Most of the management accounts up to 2014 are fairly finished; we are now looking at external audits. Audits were last done in 2010. We have brought the management accounts up to current; the external audits are ongoing; the 2012 to 2014 audits we expect would be done by March next year, which would bring us likely current.”
According to Kachikwu, the focus of the Federal Government is to get the NNPC back to profitability to ensure the sustenance of the company, while it is also targeting an increase of Nigeria crude oil production to 2.4 million per day in 2016.
“For upstream there are some key essentials, average production for most of last year was 2.19 million barrels per day, while we think we ought to be able to move forward a little bit to 2.4 million barrels in 2016. To do that there are key things that need to be looked at.”
https://www.today.ng/news/national/53706/nnpc-set-to-sack-1100-staff

Op, can you please interpret the bolded sentence in the context of this write up and the heading. There is no point for false alarm please...

This is confirm end time sacking ooo

Sijo01:
mogbe!!!

Where are the shange chanters? Your pay master is really working.

The CHANGE is that your Hero didnt have the balls to take tough decisions....

Nairaland and false news. Seun your moderators are at it again.

According to him, one of the major restructuring efforts would be in making the headquarters operations cost effective, hence, about more than half of its 2,200 core headquarters staff would be whittled down, with a lot of the affected staff assigned to the subsidiaries to help make the units more efficient and profitable.

They are going to be redeployed rather than sacked. Have they stopped teaching comprehension in schools?

xMrPx:
You pep should stop peddling fake rumour'. The GMD said, 1100 HQTR staffs will be disengaged not Sack' they might be send to other subsidiaries or division. Not terminated'. Rumor mongers

Disengaged and sack na dis thing. people like u should stop downplaying the seriousness of a situation because it makes buhari look like the olodo he is

Kai! And my guys working with Nnpc HQ here in abuja were ready to kill if buhari did make it as President,same with others that wrote aptitude test hoping to get in by next year; guess this the end of the road...they used excavator to dig their graves...they called this upon themselves
Rather be a Wailer than a Zombie!

I hope they sack more northerners and south westerners and leave the Niger deltans...I know that in such down sizing exercise man know man still prevails... ...

streetshuttle:
Jeeeèesu, is this the change we've been expecting? This is not funny fa. Wit banking industry dwindling and other sectors? Baba Buhari, why now

Yes it is the change we expect. At least instead of earning fat salaries for doing little or nothing they can contribute to make the subsidiaries better and more productive and justify their pay.

It shows dat most of d Staff there are working under Idleness, politics av taken our downstream sector therefore raising a lot of mediocre 2 run our system. Most of d Staff know next 2 nothing about Petroleum Engineering but due 2 God fatherism & d existence of PDP 4 16yrs NNPC has been bastardized. God will help u Dr. Ibe Kachukwu as u embark on dis necessary reforms.

kennyman2000:
Hmmmm... My condolence to the victims.
May God not allow them to touch the little change that remains with them so that they can start a business with it.

Amennnnnnnn!

They ain't dead bro, your consolidation rather!



I'm f**king waiting for the CHANGE!

todayng:
The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, yesterday, stated that he had received the Presidency’s approval to commence the final phase of the restructuring of the Nigerian National Petroleum Corporation (NNPC), which would see the Corporation unbundled into four components, while about 1,100 of NNPC headquarters’ staff would be disengaged.
He also stated that the country no longer has the resources to fund its oil and gas industry, and it is, therefore, considering and developing new models of financing for the industry in the days ahead.
Kachikwu, who spoke at a town-hall meeting in Abuja, yesterday, disclosed that in January 2016, the final decision on the fate of the country’s refineries would likely be made. He also stated that arrangements have been concluded to adopt a price modulation mechanism that would see the corporation setting a price ceiling of between N87 and N97 per litre for Premium Motor Spirit, PMS, also known as petrol.
Kachikwu, who doubles as the Group Managing Director of NNPC said, “Financing is going to be a key component of our goal because new models of financing would have to emerge. The country does not have the sort of resources to continue to fund the oil industry. As we go upstream, we are going to begin to see a lot of innovative financing mechanism to provide funding for the oil industry.”
“My dream, if I achieve it, is that by the end of 2016, we would completely exit cash calls and be able to find our funds one way to help support our business and get a lot more autonomy in terms of running the industry and report, basically, profit to the Federal Government.”
On the unbundling process, Kachikwu said the NNPC would be broken into four key components, namely: the upstream company, downstream company, the midstream company, which is gas and power marketing, and the refining group holding company.
According to him, one of the major restructuring efforts would be in making the headquarters operations cost effective, hence, about more than half of its 2,200 core headquarters staff would be whittled down, with a lot of the affected staff assigned to the subsidiaries to help make the units more efficient and profitable.
Kachikwu said, come January 2016, strategic decisions would be made in terms of what areas of the country’s refineries would be closed to allow for full re-kitting before reopening them for operations while it would also be considering the best-operating model for the refineries.
“Ultimately, technical support, technical services, and technical joint venturing would also be models we would be looking at and reviewing in terms of the refineries. The whole idea is to find the funds, find the right skills that you need, support the skills that you have and try to give out, real-time, above 90 per cent consistent performance in refining.”
On the issue of fuel subsidy removal and subsequent hike in the price of PMS (Petrol), Kachikwu stated that, “One thing we are very committed to next year, is to reduce the level of Federal Government subsidy, if any, to the industry, so that the industry can grow on its own strength. We can do that without the mechanism of saying subsidy is being removed or whatever but have a benchmark approach to setting prices. We are going to see a lot more quarterly type analysis of what prices would go for the downstream industry, relative to the price of crude oil,” he stated.
“The report that fuel is going to sell for 97 was not a correct. I did not say refined products will sell for N97. I said that between a band of N87 and N97 per litre, we are going to be looking at prices. Today, the prices are largely close to N87, so there might be no need to change prices,” he added.
The minister also disclosed that the Federal Government was considering allocating a number of marginal oil fields to the Nigerian Petroleum Development Company (NPDC), if it performs creditably, so as to help it increase its crude oil reserves base.
He also disclosed that a much more focused audit would be conducted on the operations and activities of the NPDC, to ascertain its asset base and also determine whether it is increasing or depleting its reserves.
Speaking on NNPC’s financials, he said: “Most of the management accounts up to 2014 are fairly finished; we are now looking at external audits. Audits were last done in 2010. We have brought the management accounts up to current; the external audits are ongoing; the 2012 to 2014 audits we expect would be done by March next year, which would bring us likely current.”
According to Kachikwu, the focus of the Federal Government is to get the NNPC back to profitability to ensure the sustenance of the company, while it is also targeting an increase of Nigeria crude oil production to 2.4 million per day in 2016.
“For upstream there are some key essentials, average production for most of last year was 2.19 million barrels per day, while we think we ought to be able to move forward a little bit to 2.4 million barrels in 2016. To do that there are key things that need to be looked at.”
https://www.today.ng/news/national/53706/nnpc-set-to-sack-1100-staff

God of mercy, this isn't the change they promised us o

austinbrown:
Lol, my people my people, where is thou change?

Which kind question be that? you are seeing one of the changes and you still asking where is the Change. More are coming. Tighten your belt oooo.

Pls read the article well. There is nowhere it is mentioned NNPC will downsize by 1100. Common the headline is bad.