In Nigeria Why NNPC trimmed workforce

This is coming on the heels of the Presidential approval of the appointment of new Group Executive Directors.

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NNPC Probe. play

NNPC Probe.

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The top hierarchy of the Nigerian National Petroleum Corporation (NNPC) in a statement gave reasons why they decided to trim their workforce and get new staff on board.

Read President sacks another 4 NNPC executives, approves replacement

NNPC boss, Emmanuel Kachikwu play

NNPC boss, Emmanuel Kachikwu

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In the course of the workforce pruning exercise, 38 top management staff were retired. This reduced the number from 122 to 83.

This is coming on the heels of the Presidential approval of the appointment of new Group Executive Directors.

New NNPC boss, Dr. Emmanuel Ibe Kachikwu play

New NNPC boss, Dr. Emmanuel Ibe Kachikwu

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Read 6 assignments Buhari gave oil corporation’s new boss, Kachikwu

The statement said "Also in line with the aspiration to reposition the Corporation, 12 personnel have been recruited from the private sector into the top management cadre to jump-start a new business outlook to enhance the operational environment as a profit-driven business as against the current civil service orientation."

New NNPC GMD Emmanuel Ibe Kachikwu play

New NNPC GMD Emmanuel Ibe Kachikwu

Read President will be minister of petroleum for 18 months

The new GEDs include, Dr. Maikanti Baru, Group Executive Director, Exploration & Production; Isiaka Abdulrazaq, Group Executive Director, Finance & Services; Engr. Dennis Nnamdi Ajulu, Group Executive Director, Refining & Technology; and Dr. Babatunde Victor Adeniran, Group Executive Director, Commercial & Investment.

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