Home » “Restructuring of NNPC is Unstoppable”, New GMD Maikanti Baru Vows

“Restructuring of NNPC is Unstoppable”, New GMD Maikanti Baru Vows


Few days after his appointment as the Group Managing Director of the Nigerian National Petroleum Corporation, Maikanti Baru has unveiled a 12-point agenda for his tenure at the corporation, affirming that he will continue with the ongoing comprehensive restructuring exercise of the NNPC. According to Baru, the restructuring as started by “my predecessor is inevitable”.

In a statement by Garba Deen Muhammad, spokesperson of the NNPC, Baru unveiled a 12 point agenda as follows:

?Creating an all-inclusive internal advisory council on security comprising representatives from NNPC, the IOCs, the Unions and security operatives to brainstorm and address host community agitations to complement efforts of the government security team.

?Implementing the new business models and grant the needed autonomy to the strategic business units and autonomous business units.

?Providing relevant directions and control that would ensure their growth and profitability.

?Exploring ways of relieving government from the burden of cash calls obligation.

?Address and defray the agreed cash call arrears of the IOCs, as well as restore oil and gas production and grow the reserve portfolio.

?Increasing crude oil production by the Nigerian Petroleum Development Company, NPDC, while reviewing all weak contractual agreements and terminate bad ones as appropriate.

?Leveraging on equity positions to cause the development of key gas assets for both domestic and export.

?Pursuing the expansion of gas network across the country, as well as repairing and restoring oil and gas pipeline infrastructure.

?Providing robust security system for both detection and deterrent in conjunction with the existing security arrangement.

?Improve refining efficiency of the four existing refineries to pave the way for future expansion.

?Pursue diversification of businesses by refocusing on the implementation of renewable energy programmes and frontier exploration services.

?Continue with the drive to make the venture businesses profitable and ensure service delivery, entrench the culture of professionalism by doing the right things at all times through transparency, accountability, and respect for all, ensure adequate staff welfare and motivation, training and capacity building.

SECURITY MONITOR has recently reports the appointment of Maikanti Baru as the GMD of NNPC in a press release made available by presidential spokesperson, Femi Adesina

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