The outgoing Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru disclosed that the national oil company remains the leading supplier of gas to the nation’s power sector.
He made this disclosure yesterday during the inauguration of a compendium produced by the Corporate Services Directorate of the NNPC in Abuja.
He attributed the feat to the effective management strategy adopted by the current leadership of the corporation, adding that the NNPC was on the part of sustainable growth with a number of critical projects that would impact the industry value chain.
He expressed satisfaction at the level of achievements recorded through the 12 Business Focus Areas (BUFA), a strategy guide adopted by NNPC management under his watch, noting that the expected results of today’s effort would surpass current milestones.
“NPDC production has grown in leaps and bounds; NNPC is now the largest gas supplier to the power sector and steady progress is being made on frontier exploration with the spud-in of Kolmani River-II Well,” he stated.
The GMD said with the taming of security challenges and the commencement of the rehabilitation of the refineries and pipeline depots across the country, the corporation was on the right track to continue to add value to the national economy.
“Security challenges that had hampered exploration and production activities have been tamed,” he said. “New business models have been developed across NNPC businesses, leading to phenomenal boosts in productivity and lessening of cash calls burden on government, achieved through alternative funding arrangements we developed. In his address on the occasion, Chief Operating Officer, Corporate Services, Malam Isa Inuwa, who statutorily retired from the services of the corporation yesterday, stated that the compendium on the activities and achievements of his directorate was to document history and processes that will serve as a guide to management.
He said under his watch as the COO, NNPC’s Corporate Services Directorate had moved from money spending perspective to a value-creating arm of the corporation. Isa also expressed delight that his leadership of the CS Directorate produced quality documents that had enabled the NNPC management to achieve strategic goals of the corporation.
Source: The Sun