Breaking News
Translate

NNPC transformation: Cost, not staff rationalisation

Oscarline ONWUEMENYI


Fears that the ongoing Transformation of the Nigerian National Petroleum Corporation, NNPC may lead to massive job cut in the Corporation was dispelled on Wednesday as the Group Managing Director, Dr. Mohammed Sanusi Barkindo stated without mincing words that the reform would create more job opportunities for Nigerians.
Dr. Barkindo made this disclosure during the launch of the NNPC transformation zonal town hall meeting while briefing newsmen after an intensive facility tour of the Kaduna Refinery and Petrochemical Company limited.
He noted that on the contrary, the reform of the national oil company, which is an expansion programme of some sort, would lead to the engagement of more hands revealing that even some retired staff have been contracted to sustain the operations of the Corporation.
According to him, “The transformation of the NNPC is cost rationalisation and not staff rationalization, it is about expanding the scope of the Corporation, it is about efficiency and I can report to you that NNPC needs more staff for the effective implementation of the reform programme and we have resorted to recalling some of our retired colleagues on contract.”
Meanwhile, Barkindo has disclosed that plans are underway to step up the operational capacity of the KPRC, which currently is operating at 60% to 90% as soon as crude supply to the plant is up.
According to the NNPC helmsman, KPRC has been receiving crude from crude suppliers in Warri and Escravos which is insufficient hence the present 60% operational capacity. He was however quick to add that the Corporation together with KPRC are working round the clock to increase crude supply in order to up the operational capacity of the plant to 90%.
He disclosed that several companies have indicated interest in investing in the Corporation saying that most of the investors are waiting for the conducive environment which is hinged on the passage of the Petroleum Industry bill and the Federal Government proposed deregulation of the downstream sector of the petroleum industry.
Dr. Barkindo opined that the present status quo where the Corporation operate as a cost centre and an appendage of government with management spending several hours off core business was not sustainable and called for the commercialisation of the operations of the Corporation and all its Strategic Business Units as the panacea to its financial down turn.
The Group Managing Director alluded to the fact that the domestic and international oil markets have endorsed the transformation agenda of the NNPC considering the strategic contributions of the national oil company to the oil market.
In his welcome address, the Managing Director of the KPRC, Engineer Bolanle Ayodele assured the NNPC management of the readiness of KPRC and other SBUs to key into the transformation initiatives of the Corporation as it moves towards an international oil company.
“We are ready for the challenges associated with finding our way into the league of successful state owned refineries. Nothing but a complete turnaround from a cost centre to a profit centre will be good enough for us, Engineer Ayodele declared.”


Disclaimer

Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.