The Nigerian National petroleum corporation (NNPC) recently organized a meeting of former general managing directors (GMDs) with the goal of brainstorming on issues facing the corporation and the national at large.
The meeting, that witnessed the presence of Group Managing Director of the NNPC, Dr. Maikanti Kacalla Baru and the former GMDs of the Corporation including the immediate past GMD and the current Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, was held on Saturday 3rd September, 2016 at the Transcorp Hilton Abuja.
Current GMD, Baru presented the status of the Corporation and the Oil & Gas Industry. He also presented his 12 Business Focus Areas towards putting the Corporation on the path of growth and profitability. Baru and the former GMDs jointly reviewed the current state of Nigeria’s Oil & Gas Industry, deliberated on ways to resolve issues militating against the progress of the sector and recommended measures to move the sector forward.
The key challenges highlighted at the meeting include Insecurity, NNPC’s corporate reputation,state of the refineries,petroleum products supply,funding of joint venture operations,frontier exploration services(FES),national petroleum and management investment services(NAPIMS),current petroleum bill,relationship with stakeholders,NNPC revenue base,debt profile and pension deficit.