Written by Godfrey AKON

NNPC: Baru bows out, Kyari pledges transparency

Group Managing Director of the Nigerian National Corporation, NNPC, Dr Maikanti Baru, has bowed out of service after attaining the compulsory retirement age of 60 years.

Baru, who was appointed the 18th Group Managing Director of NNPC in 2016, took over from Emmanuel Ibeh Kachikwu who was redeployed to head the sector as Minister of State for Petroleum and Natural Resources.

The Former GMD of the Corporation, at his valedictory ceremony in Abuja, said his stint of 1,099 days at NNPC recorded achievements in twelve business focus areas aimed at moving the Corporation forward, adding that he was leaving behind a Corporation that was stable and well aligned to meet its objectives.

He said he had comfort that he was leaving NNPC in better hands as the new GMD, Mallam Mele Kolo Kyari, and his team were the most capable and caring leaders that would take NNPC to greater heights.

Baru added that Kyari had effectively managed the Crude Oil Marketing Division and the DSDP scheme that enabled NNPC manage the petroleum products supply, stating that without this intervention it would have been very difficult for NNPC and the nation.

“He has been in the upstream business and in the international scene as Country chair in OPEC. He possesses the skills and temperament to continue on the path of moving NNPC to better heights,” he said.

He however called on the new management of NNPC to change the mission statement of the Corporation to reflect the vision of transforming the Corporation into an energy company, in line with the current trend in the industry and its forays into renewables and power.

He therefore charged Kyari and the newly-appointed chief operating officers to make NNPC to continue to lead the way in providing energy security as a supplier of last resort for petroleum products to Nigerians, power and other energy mix for the Country.

He also tasked the new management on staff development, stressing that emphasis should be on their efficiency and productivity focusing on “pursuance of a Lean Corporate Organization by redeploying staff to SBUs for better contribution to productivity and performance.

“Implementation of the Dual Career Path and Sectoral Salary Structure. Sustaining the Recruitment drive to ensure normal staff demographics rather than the inverted pyramid or “kwashiorkor” that we have.

“Implementation of the Talent Management Strategy. On Transparency: Transparency of operations should be the watch word, focusing on: Continuation of the publishing of monthly operations and financial reports.

“Resolution of the liquidity challenges and full migration to the International Financial Reporting Standard (IFRS). Resolution of the under recovery issues through appropriate recommendation for the provision of subsidy in the Medium Term Expenditure Framework (MTEF) and the Federation’s Budget Appropriation,” he said.

Baru also charged staff of the corporation to support the new management team the same way they gave him and his management team while in service, to deliver on its mandate.

In his remarks, the new GMD, assured that the corporation would fix the 4 refineries in the country before 2023 even as he pledged to run NNPC transparently and corrupt-free.

He said “we will make sure that within the life of this administration, before Baba's tenure ends in 2023, we will deliver on the four refineries. And we will do more than that. We will encourage private refineries particularly the Dangote refinery which can be the game-changer for all of us.”

Mele Kolo Kyari, takes over as the 19th Group Managing Director of NNPC. Until his appointment, he was Group General Manager, Crude Oil Marketing Division of the NNPC. Since 2018, he has also served as Nigeria’s representative at theOrganisation of Petroleum Exporting Countries, OPEC.

 

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