…Tasks New PPMC Board On Profitability
By CHIKA IZUORA, Lagos
As the festive periods draw near, the Nigerian National Petroleum Corporation (NNPC), has assured that it would ensure a hitch-free supply of petroleum products nationwide during the season.
Group managing director of the corporation, Dr. Maikanti Baru, who made the commitment during the inauguration of the board of directors of the Petroleum Products Marketing Company (PPMC), a subsidiary of the NNPC, charged that the company must ensure steady supply of petroleum products even well beyond the festive periods hitherto often characterised by supply hiccups.
“The festive season is fast approaching, a period when almost always, people expect queues to happen. If last year you had a queue-free festive season, we want this year’s to be a season where fuel station attendants will be inviting motorists to their stand for fueling,” the GMD charged.
Baru prodded PPMC management to re-strategise to ensure leaner operating cost that would enable it continuously add value to the NNPC corporate entity, adding that the company was not expected to make losses.