Mohammed Shosanya
The Nigerian Independent Petroleum Company,NIPCO Plc has promised to deepen its investment in the country”s hydrocarbon industry in the face of the recent full deregulation of the downstream sector.
Its Managing Director,Mr Suresh Kumar,who disclosed this at the company’s 19th Annual General Meeting,AGM in Abuja,said the investment was necessary as a further attestation of the resilience of the Nigerian economy.
He assured the company’s preparedness to utilize the deregulation of the downstream sector measure to grow the company through the combined efforts of our human and material resources.
He said:”We have all expertise and structure in place to expand the infrastructure in Natural Gas consumption which we foresee as the future of energy market in Nigeria. We intend to consolidate our position in the industry and strive for greater market share in the petroleum products marketing stream. Effective harnessing of our human capital will be pursued to give fillip to your company’s commitment to providing top notch customer service experience at all times”.
The company will continue to appraise its operations for more diligent service delivery to its stakeholders as part
of consolidating the successes achieved in the last three years of the current executive management,he said.
He also assured that the company will improve in all areas of our operations with a view to ensuring that concerted efforts are made towards achieving the vision of the promoters of the organization.
Kumar also said the human capital element of the company will continue to drive management’s positive attention in the face of economic challenges that are fast affecting standard of living nationwide.
He said:”My management team with the kind support of the Board will continually improve the lots of the workforce which in turn ,we are sure will impact favorably on productivity.Since 2020, upon my assumption of office with my executive management team, I have observed with delight the unwavering commitment of the workforce in sustaining the lofty heights of the company. We shall continue to be proactive in the face of global economic challenges so as to reduce effect on the workforce
“The harmonious relationship existing in the company has not only being exemplary but a reliable platform for team building to take the organizations to the next level.
The employee’s ingenuity and stern commitment to exceptional service delivery have made your company one of the key players in the nation’s downstream sector. Our employees continued to see more values in rendering stellar services in line with international best practices”
He spoke on the company’s corporate social responsibility,saying NIPCO has continued to maintain a strong relationship with its numerous publics in an effort to remain a socially responsible organisation.
He hinted that numerous initiatives to offer support in several fields o are being actualised to assist the company’s host communities,adding that the company will continue to have some form of leverage in its overall operating environment as a socially responsible organisation.
Kumar,who lamented the operating challenges in the global economic environment last year,told the shareholders that NIPCO withered the storm with a modest performance that has contributed to guarantee good return on your investment
He added:”Our company will continue to act in concert with its peers in the industry to achieve energy security for Nigeria.Our performance in 2022 was mainly on long-term growth strategy that was anchored on prudent management of resources, cost optimization, team work and unflinching support of the Board of Directors”
