More sack imminent in NNPC


More personnel of the Nigerian National Petroleum Corporation (NNPC) will soon be sacked, the Group Managing Director of the corporation, Dr Emmanuel Ibe Kachikwu, has disclosed.

The NNPC boss, revealed this while speaking with State House reporters yesterday after a meeting with President Muhammadu Buhari.

He was responding to a question on how far he would go with the restructuring now going on in the corporation.

According to him, the idea of anything goes should stop as the NNPC is not public service, but a corporation that is run to generate money for the people of Nigeria.

“We’re doing a lot of work in terms of repositioning, restructuring, getting the right personnel in key places and setting a culture of accountability and service delivery so that the new NNPC that you are going to see will be a different institution altogether.

‘It’s A to zero restructuring. I’ve done the first three layers which is going to the Group Executive Directors to Group General Managers and General Managers. You’re going to have a lot more now. The GEDs and GGMs will take it to the next layer which is the lower layer.

“And the whole idea is to go back to being able to look at your appraisals; how well have you done in the job and if you’ve done very well, how do we elevate you to a position where you can offer more service; if you’ve not done well enough, and there is no possibility of retraining you, we will let you go.

“At the end of the day, NNPC isn’t public service. It’s a corporation and we run like a company generating money for the people of Nigeria. So, the whole concept of anything goes should stop.

And this is the first stage of that whole process. It’s a three-pronged process that I’m pursuing. There’s a people aspect which we’re dealing with now; there is a process aspect”, the NNPC boss stated.

He said after putting the right people in the right places, the NNPC would do a proper forensic audit “that will cover us all the way to 2014, 2015, that we’ll be able to say to you, this is the state of the company”.

“We’re going to put processes and control in place, we’re going to do retraining and repositioning and then, we’re going to re-engage our majors and minors, all those who are active in the sector for us to work as a team to try to take Nigeria forward. It’s going to be the process stage”, he said.

Kachikwu also disclosed that the ongoing restructuring of the NNPC would be concluded with the investigation of all existing contracts with a view to knowing whether they are good or need to be reviewed.

He said: “The final stage will be the business stage which is now looking at all the existing contracts; are they good? Are they ok? Do they need to be re-kitted and redone? Look at the PSCs, what do we do to go forward? Look at the challenges posed by very reduced balance sheet as a result of $40 $50 per barrel of oil. What do we do to energise recovery and income growth so that government will have money to work with?

“It is a very intensive work, very calibrated work. A lot of us are not spending time sleeping, but over the next five to six months, you will begin to see emerging a new NNPC, a new process of oil administration in the country and obviously, giving fillip to Mr. President’s dream of taking the oil industry back to where it should be”.

On what he would do with joint ventures with the treasury single account Buhari introduced, Kachikwu responded: “All that is being looked at. The reality is that to run an oil company, you’ve got to have funds to do it. If you don’t, you close down the corporation and the production system will close down.

So, we’re looking at how to merge the need for accountability and openness with the need to make sure that the industry itself survives. We cannot throw away the baby with the bath water”.

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