The group managing director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has signed performance agreements with his management team to ensure that all the Autonomous Business Units (ABUs) and Strategic Business Units (SBUs) of the state-owned company deliver on their mandates.
A statement issued by the corporation’s spokesman, Ndu Ughamadu, said the key performance indicators (KPIs) contained in the agreements would serve as guides to the chief operating officers (COOs) to deliver tangible and measurable key deliverables in advancement of the management objectives of the NNPC.
Baru according to the statement, explained that the KPIs would also serve as a management tool to gauge the performance of the chief operating officers.
The signing of the performance contracts was the highpoint of a two-day NNPC Second and Third Quarter (Q2&3) 2018 Management Steering Committee (STEERCO) meeting which commenced Monday at the NNPC Towers, Abuja.
The GMD noted that the meeting was a platform to assess the health of the corporation and interact with top management with a view to providing solutions to move the corporation forward.
While commending the management team and other participants for their maturity, Baru charged the COOs to replicate the review exercise at their various Autonomous Business Units (ABUs) and Strategic Business Units (SBUs) and cascade outcome to all staff for efficient service delivery.
Also speaking, group general manager, CP&S Division, Mr. Bala Wunti, expressed satisfaction that the meeting was able to achieve its two key objectives of appraising past performance and setting targets for the coming business year.