Mohammed Shosanya
Stakeholders in the nation’s economy have expressed support for the ongoing shake-up in the Nigerian National Petroleum Company Limited (NNPC Ltd.),saying the action would go a long way in repositioning the company for profitability.
They also said the action was a right step in the right direction,as it would in the long run enable the company to add more value to the lives of most Nigerians.
The shake-up saw the statutory retirement of some of the company’s management staff with less than 15 months to quit the employ of the company.
The company made this known on Tuesday on its official X handle formerly known as Twitter.
According to the NNPCL,the move is in a bid to pursue effective organisational renewal to support the delivery of its strategic business objectives, as it has become imperative to rejuvenate its workforce.
The statement posted on the company’s X page reads “Consequently, in addition to the recent exit of three Executive Vice Presidents, other management staff with less than fifteen (15) months to statutory retirement will be exiting the company effective Sept. 19, 2023.
“This is in line with our commitment to scale up NNPCL’s capabilities through targeted talent management and equal opportunity for all Nigerians,” it said.
With the price of crude oil in the international market heading for $100 or more,there is no better time to carry out the overhauling of the overloaded and sadly redundant
manpower/ workforce of NNPCL,Kunle Olubiyo,Nigeria Consumer Protection Network President and Power Sector Perspectives Coordinator, told Premium News on Tuesday.
He said it was not right to make workers of the company redundant for too long at the expense of the country’s economy.
He implored the company to pay up the affected workers with a view to enabling them
use their productive years to engage in other activities or businesses.
Dr.Muda Yussuf,Chief Executive Officer,Centre for the Promotion of Private Enterprise,CPPE,also told Premium News that the action was in order as the NNPC needs workable mechanism to enable it work at par with its contemporaries in other countries.
