We’ll Reposition NNPC - New GMD

THE Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Mr Andrew Yakubu, has said that the corporation would be repositioned to place it in a better position to support the growth of the economy.Speaking to State House correspondents, after a meeting with President Goodluck Jonathan, on Friday, he described his appointment as a call to service, saying that he would work hard with the Nigerian public to bring transparency to the oil industry.

Fielding questions on what he would bring to the office, the GMD, who recently replaced Mr Austen Oniwon, in the position, stated: “It is a call to service. NNPC is the mainstay of the nation’s economy. We must reposition the NNPC for better service; we must reposition it to support the economy. We will try very hard to work with the Nigerian public and all the stakeholders; we shall be transparent and responsible. We will work towards changing the perception.

“NNPC staff is dedicated to service. They are professional, and there are areas of improvement that we can bring to bare. You will agree with me that in the recent past, we have had quite a number of challenges. A lot of eyes are on us on the way we do our business.

“Those criticisms have been taken on board. My new management will plough them back into the system. We will review our processes and we will reposition the NNPC for growth.”

Speaking of the Petroleum Industry Bill (PIB), Mr Yakubu said the NNPC would ensure that its position was adequately captured in the bill.

He observed that the bill, which would cut across the oil and gas industry, was a way to help the growth of the industry.

The GMD further remarked that the “NNPC, as a national oil company, is a component of that bill. What we will do is to make our own input. Every country will want to grow their asset base, grow their expertise and grow the various key components that will enable them grow in terms of asset and expertise. We will make our own inputs into all those elements to ensure that they are properly captured.”

On how the NNPC will win back the confidence of Nigerians, following negative perception by the people, he said he would involve all the stakeholders in the attempt to clean up its image.

“We shall be open and as transparent as possible and we will take in good faith all the comments and observations that have been made about how we do our business. We will bow to advice and constructive criticisms,” he stated.

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