Nigeria’s Oil Corporation Commits Its SBUs To Performance Bonds

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Chief operating officers of the various autonomous business units (ABUs) of the Nigerian National Petroleum Corporation (NNPC) have been made to sign and commit to a performance bond to the delivery on the Key Priority Areas (KPA) involved in a new programme tagged ‘The Roadmap for Growth and Consolidation’.

The programme contains timelines and milestones for Transparent and Accountable with Performance Excellence (TAPE), which the new management of the Corporation led by the Group Managing Director, Mallam Mele Kyari compels all the Strategic Business Units (SBUs) to deliver within determined period.

At a strategy meeting in Abuja on Monday, Kyari charged members of his management team to work assiduously to deliver on the key priority areas of growing the nation’s crude oil reserves and production, ensuring a steady supply of petroleum products and supplying adequate gas to meet the next level agenda of the federal government.

He explained that all the Key Performance Areas (KPAs) and Key Performance Indicators (KPIs) were designed by in-house experts without inputs from consultants, adding that it was an indication of the abundant talents within the corporation’s human resource base.

“I have the conviction that we can deliver on these KPAs and even do more. We have enormous goodwill from our various stakeholders and Nigerians that we can do things differently. Let me emphasize that our stakeholders have tremendous trust in us and it is only excellent performance that can sustain the trust they have in us,” Mallam Kyari said.

Mallam Kyari posited that the KPAs were the roadmap for growth and consolidation, assuring that his management would ensure effective stimulation of industrial growth in the country. He said his TAPE new vision would ensure that all of NNPC’s seven directorates leveraged on technology and innovation to deliver on their Key Priority Areas (KPAs), wherein the KPAs have clear-cut roadmap and strategies towards actualizing the TAPE mandate.

For the upstream directorate, the KPAs are: growing the nation’s reserves and increasing production; while the KPAs for the gas and power directorate include the expansion of the gas sector footprint towards stimulating industrialization.

While the refining and petrochemicals directorates would focus on enhancing local refining capacity as its KPA, the downstream directorate would ensure efficient and seamless petroleum products supply to guarantee energy security for the country and ensure that the critical oil and gas infrastructure are secured, and the ventures directorate would work to ensure that the corporation’s new businesses are capitalized and commercialised. 

For the corporate services directorate, the KPAs are the development of the corporation’s human capital and excellent service delivery, while the finance and accounts directorate is charged with ensuring financing for growth and effective liquidity management. The highpoint of the event was the signing of performance bonds by all the chief operating officers to commit their directorates to the delivery of their various KPAs.

                                                                                              


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