Stakeholders Laud New NSPM Management Team On Initiatives

Workers and some stakeholders of the Nigerian Security Printing and Mining Company (NSPM) have lauded the recent appointments by the company’s Board of Directors, which they said were to bring the needed cutting-edge to refocus the organisation on sustainability and profitability.

Some of the workers who spoke on the condition of anonymity expressed optimism and excitement about the company’s new direction and the strategic initiatives being implemented by the new leadership team to turn NSPM around and prepare it for sustainable growth.

It was gathered that the new leadership team’s drive to modernise the company’s operations and improve organisational culture and efficiency is gaining traction and achieving desired outcomes. “The team is made up of accomplished professionals with a blend of private and public sector experience across varying industries,” a senior company staff member said.

He said, “The new leadership has focused on laying the foundation to enable the company to become a world-class printing and digital solutions company.

Turnaround initiatives have ensured stable and timely operational output, enhanced overall efficiency, and improved the company’s working capital position.

“The team is implementing initiatives aimed at professionalising the workforce and building an organisational culture that rewards efficiency and merit while also reducing casualisation.”

They said work schedules have been standardised to fit operational requirements and improve work-life balance. At the same time, staff training has been centralised to ensure programs undertaken address identified skill gaps and are future-focused.

It was gathered that the manual and paper-based annual appraisal exercise has been fully automated, and a standard performance management cycle has been established. These initiatives, they said, would improve the overall performance of the company’s staff and restore and retain stakeholders’ confidence in the company as a reliable and valued strategic asset.

Some stakeholders of interest said the team has also focused on extracting value from the significant investments the company has made in information technology assets and accelerating the company’s digital transformation through the automation and optimization of mainly manual processes. Improving organisational efficiency and cost reduction through prioritising core activities and reducing non-value-adding tasks have also been vital priorities.

The company’s Acting Managing Director, Abubakar Sule Minjibir, is a consummate leader with vast experience in currency printing, security inks production, and project management. His over thirty years of relevant expertise make him the ideal choice to lead the company.

Before this appointment as the Acting Managing Director, he was Executive Director of Abuja Operations at NSPM Plc.

Adesoji Ogungbesan, who is the Ag. The Executive Director of Corporate Services is a dynamic professional with over 25 years of extensive international multinational experience in financial management, system or process implementation, supply chain management, internal control, and audit across the oil and gas, manufacturing, and financial services industries.