At Last: Our Refineries Will Now Start Making Profits

At Last: Our Refineries Will Now Start Making Profits

The Nigerian National Petroleum Corporation, NNPC, has stated that its ongoing restructuring was designed to reposition its operations and refineries to profit-making ventures.

“The recent appointments, promotions, and retirements are all a part of the ongoing restructuring exercise aimed at repositioning the Corporation into a lean, efficient, profit-driven organization in line with international best practices without regard to primordial sentiments.”


This was even as the NNPC denied claims that it was pursuing an ethnic agenda in the ongoing restructuring of the corporation. In a statement issued after an interactive session with the top management of the Corporation in Abuja, NNPC disclosed that it is poised to ensure that all its refineries are run efficiently and profitably to meet the energy needs of the country.

Speaking at the forum, the NNPC GMD, Emmanuel Kachikwu, stated that the days when the Corporation was perceived as a civil service organization instead of a Corporation were over.

He said the Corporate Service Unit and all the Strategic Business Units of the NNPC would henceforth be run as profit centers.

To this end, Kachikwu solicited the support of the management of the NNPC and its subsidiaries in closing the skills gap and in turning the fortunes of the Corporation around.

He urged the management to provide leadership by example to the workforce, adding that sectionalism, tribalism and any form of non-transparent transactions must be completely stamped out of the NNPC.