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PIB: NNPC Flags off Transformation Agenda

By Yemie Adeoye
IN anticipation of the passage of the Petroleum Industry Bill (PIB) currently in its final stage at the National Assembly, the management of the Nigerian National Petroleum Corporation, NNPC, has concluded plans to formally kick off its transformation agenda.

The launch which is billed to take place on Friday, 5th March, 2010, in the Amphitheatre at the Corporate Headquarters of the corporation will signal the commencement of activities aimed at transforming NNPC from a government corporation into an incorporated public limited liability company that is commercially focused and profit-driven.

This was contained in a statement issued by the corporation’s spokesman, Dr. Levi Ajuonuma and made available to Vanguard in Lagos.

It reads in part: “In readiness for the unprecedented reforms that the Petroleum Industry Bill is expected to bring about in the entire oil and gas industry when it is passed into law, we are formally unveiling what will constitute the NNPC Transitional Transformation Agenda and its timeline,”the NNPC spokesman Dr Levi Ajuonuma stated.

It would be recalled that the transformation agenda was quietly set in motion last year leading to a N27.5 billion savings in costs of operation for the corporation.

The formal launch of the transformation agenda is expected to get all members of staff of the corporation to key into the reform programme with a view to making a success of it.

Some of the dignitaries expected at the launch include the Honourable Minister of Petroleum Resources, Dr Rilwanu Lukman, the Minister of State for Petroleum Resources, Mr Odein Ajumogobia (SAN), the Special Adviser to the President on Petroleum Matters, Dr Emmanuel Egboga, the Director General of Budget Office of the Federation, Dr Bright Okogwu and the Chief Economic Adviser to the President, Tanimu Yakubu.

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