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NNPC COOs sign performance bond


Presidency queries FIRS boss over N12.6tr tax collectionALL the Chief Operating Officer (COO) of the Nigerian National Petroleum Corporation (NNPC) have signed bonds to commit their directorate to their Key Priority Areas (KPAs).

The bond is based on the desire of the the Group Managing Director of  NNPC,  Mele Kyari, to deliver on his mandate

He has urged members of his management team to work assiduously to deliver on the KPAs of growing the nation’s crude oil reserves and production, ensuring steady supply of petroleum products and supplying adequate gas to meet the next level agenda of the Federal Government.

Kyari gave the charge to the COOs of the various Autonomous Business Units (ABUs) of the Corporation at a sign-off event held at the NNPC Towers, Abuja, on Monday.

He explained that all the 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 emphasise that our stakeholders have tremendous trust in us and it is only excellent performance that can sustain the trust they have in us,” Kyari said.

He said the clear goal of his management was to drive an NNPC that is Transparent and Accountable with Performance Excellence (TAPE), stressing that the milestones for all the ABUs and Strategic Business Units (SBUs) would be delivered within the timelines.

Kyari said the KPAs were the roadmap for growth and consolidation, assuring that his management would ensure effective stimulation of industrial growth in the country.

Tagged the Roadmap for Growth and Consolidation, Kyari’s new Corporate vision of Transparency, Accountability & Performance Excellence (TAPE) would ensure that all of NNPC’s seven Directorates leveraged on technology and innovation to deliver on their KPAs.

The KPAs also have clear-cut roadmap and strategies towards actualising 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 industrialisation.

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 capitalised 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 COOs to commit their directorates to the delivery of their various KPAs.

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