New Group Managing Director (GMD) of NNPC, Dr
Maikanti Baru
Dr Ibe Kachikwu, the Minister of State for Petroleum
Resources has pledged to support the new Group
Managing Director (GMD) of NNPC, Dr Maikanti Baru in
moving the corporation to greater heights.
Kachikwu gave the pledge while he handed over the
affairs of the corporation to the new GMD on Friday.
It will be recalled that President Muhammadu Buhari on
Monday appointed Baru as the new GMD of the NNPC.
“I want you to know that this is a great task; be focused
and see it as a service to the nation, work hard to leave
a great legacy.
“It is not how long you stay that matters but how well,
look for legacy issues and work on it, I will give you
every support that will help you to supersede what I
have achieved,” Kachikwu said.
He said that the corporation had undergone series of
restructuring that should be sustained to enable it move
to the next level.
Kachikwu said that NNPC had achieved a lot in the past
11 months.
He said that during the period, the corporation cut its
operational cost by 30 per cent and partially deregulate
the downstream sector.
According to him, the corporation has commercialised
its business.
“We need to find structure in which private fund will be
used to help our refineries to work at 90 per cent
capacity.
“Our target is to ensure that by 2019, we will no long
export crude,’’ he said.
Kachikwu advised Baru to focus on deregulation,
product availability, infrastructure development, legacy
audit and restructuring.
He said that this would help the corporation to continue
to be a profit making organisation, which it had
currently assumed.
Kachikwu further advised the new GMD not to lose focus
as lack of it would yield no result.
“Be apolitical, be focused on success, believe in your
skills, work with a team and be determined to succeed
in your assignment,’’ he said.
Responding, Baru commended Kachikwu for
recommending him for the position and promised to
justify the confidence reposed in him.
“I will like to appreciate the minister and chairman of
the NNPC board for all his support he has given me
when I was the GED and his special adviser on Gas
matters.
“I will continue to count on your kind support as I
embark on the task of building NNPC from where you
stopped,” he said.
Baru said that he would continue to work with the staff
to maximise output with the fall out of positive
restructuring that had taken place in the corporation.
He said that his major focus would be to create an all
inclusive internal advisory console on security
comprising representatives from NNPC, International Oil
Companies (IOC), unions, among others.
Baru said that he would implement the new business
models and grant needed autonomy to the Strategic
Business Units (SBUs), while providing relevant
directions and control that would ensure growth and
profitability.
“I will continue to explore ways of relieving government
from burden of cash calls obligations as well as address
and defray the agreed cash call arrears of IOCs,” he said.
He also promised to restore oil and gas production,
grow portfolio of oil and gas reserves, refocus on the
cash cow, NPDC, and generate enough for the
organisation.
“All weak contractual agreements will be reviewed and
bad ones terminated immediately,” he said.
The new GMD said that he would focus on development
of gas assets, repair of oil pipelines infrastructure and
improve refining efficiency, among others.
He solicited the support of all staff of the corporation to
enable him achieve the set targets.
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