TheCable

Ibe Kachikwu, the group managing director of the Nigeria National Petroleum Corporation (NNPC), says he is not out on a mass retrenchment of the workforce of the corporation.

He said the mandate given to him by President Muhammadu Buhari is to put in place an efficient, transparent and profit-oriented process.

Kachikwu promised to turn around the entire commercial process and procedures of the NNPC in order to impact on the growth trajectory and operations of the corporation.

According to Ohi Alegbe, spokesman of the corporation, the NNPC boss added that training and retraining of members of staff to align with the new vision was the next stage of the ongoing reforms.

“The NNPC helmsman noted that all production sharing contracts, joint venture agreements and all other contracts between the NNPC and its various partners would be reviewed to reflect current day realities in the global oil and gas industry,” Alegbe said.

“Dr Kachikwu reassured that the recent repositioning is to put in place the right set of skills for performance stressing that the new arrangement provides a veritable vista for upcoming professionals in the corporation to have a speedy career path.

“He stated that the NNPC under his watch would put in place mechanisms that would plug all revenue leakages in the upstream, midstream and downstream sectors while adding that all crude oil proceeds due for the federation account would be remitted accordingly.”