NNPC Strategises on How to Achieve Substantial Budget Implementation

NNPC Strategises on How to Achieve Substantial Budget Implementation

Saturday, May 26, 2018 4:32 pm

NNPC GMD, Dr. Maikanti Baru (left) speaking during the Steering Committee Meeting Thursday in Abuja. With him are NNPC Chief Financial Officer (CFO), Mr. IsiakaAbdulRazaq (middle) and Managing Director, NNPC Trading, Mr. InuwaWaya.

…To Expand Staff Cross-Posting with Joint Venture Partners

In a bid to optimize performance and deliver on all its projected programmes for the year, the Nigerian National Petroleum Corporation (NNPC) is evolving measures to implement its 2018 budget effectively.

This was disclosed at the top Management Steering Committee Meeting which commenced Thursday at the NNPC Towers in Abuja to review the first quarter (Q1) performance report and close out on 2017 operations.

Speaking at the meeting, the Group Managing Director, Dr. Maikanti Baru, charged participants made up of all the Chief Operating Officers (COOs) of the Autonomous Business Units (ABU)and Managing Directors of Strategic Business Units (SBUs), as well as Heads of Corporate Services Units (CSUs) to focus more on the implementation aspect of the report.

“I want us to look at the performance side very closely and channel our contributions on that”, Dr. Baru urged, stressing that there was need to ensure that the steering committee meeting held on schedule every quarter.

On the implementation of the 2018 budget, he said management would do most of the front-end work by liaising with relevant government officials to see that the corporation’s budget is signed off on time.

“Now that the budget is almost ready, we need all the various departments to get the relevant documents to enable us secure approval for implementation of the capital projects. What we will now do is to commit and get the approvals”, he said.

The two-day event will end on Friday.
In another development, NNPC is considering the expansion of the capacity development arrangement with its Joint Venture (JV) partners to facilitate a more robust cross-posting of staff between the organizations.

This was disclosed by NNPC Chief Operating Officer (COO), Corporate Services, Mr. IsahInuwa, when he led staff on secondment from the Nigerian Liquefied Natural Gas (NLNG) and Shell in NNPC to a meeting with the Group Managing Director, Dr. Maikanti Baru, recently.

The COO said the meeting was designed to appraise the GMD on what the staff on cross posting to the corporation had achieved during their assignment.

Speaking after listening to the accomplishments and challenges of the seconded staff, the GMD commended them on their diligence and their ability to achieve so much in the face of the challenge of working in an environment different from that of their primary employers.

The cross-posting arrangement is a scheme designed to deepen understanding among the JV partners and develop capacity.

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