OREANDA-NEWS. November 07, 2012. The Group Managing Director of NNPC Engr. Andrew Yakubu has charged his management team to drive performance more vigorously in order to realize the aspiration of NNPC to becoming a global oil and gas player in the coming years. 

 He was speaking at the first Transformation Steering Committee meeting since becoming the GMD, which held Tuesday, October 30, 2012.
 The meeting of the Steering Committee holds quarterly and provides an avenue for top management to review performance and set milestones on critical imperatives to achieve set corporate targets.

 While reiterating his commitment to the transformation of the Corporation, Engr. Yakubu stressed the need to continue on the part of growing NNPC core businesses, as well as entrenching accountability and transparency in its business dealings at all times.
 The GMD said the implementation of NNPC new business models as well as building on a culture of commercial mindsets would be enhanced. He spoke on the need to rebuild the Corporation’s financial position by eliminating all non-profitable ventures and commercial agreements.

 According to the GMD, growing NNPC business would involve the development of NPDC existing assets as well as those that have been newly acquired. He also spoke on the need to fully monetize Nigeria’s gas resources for economic growth and development by seeking interested stakeholders to participate in the development of gas pipelines and infrastructure as well as conclude on the final investment decision for the Brass LNG. 

 The meeting was attended by Group Executive Directors and Managing Directors of Strategic Business Units and the Corporate Strategic Units of the NNPC taking turns to present their respective directorates and corporate business units’ reports on their respective records of performance.

 The meeting is scheduled to continue on Tuesday, November 7, 2012 with more presentations to be made by the top management.