NNPC: PENGASSAN Lauds Sustained Transparency, Accountability Under Baru

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has commended the Dr Maikanti Baru-led management of the Nigerian National Petroleum Corporation for unwavering transparency and accountability in the NNPC and the Oil and Gas industry at large.

PENGASSAN noted specifically the sustained periodic publication of NNPC’ financial and operations reports in various sections of the online and print media, saying the Corporation had taken a step further to prove its credibility.

This was according to the trade union’s President, Comrade Francis Olabode Johnson, who made the commendation at a two-day transformational leadership awards/workshop organized by the PENGASSAN/NNPC Group Executive Council (GEC) in Abuja.

Dr Baru, alongside Alhaji Isiaka AbdulRazaq, Chief Financial Officer of the NNPC, alongside Mallam Isa Inuwa, Chief Operating Officer, Corporate Services, was conferred with the Transformational Leadership Award at the event.

Johnson said the monthly NNPC publication “enabled stakeholders across the board to maintain a steady tab on the inflows and outflows in the Petroleum Sector which has remained the largest source of revenue to the federation.”

According to the PENGASSAN President, reforms in the NNPC under Baru’s watch have set not just the Corporation on the path of irreversible progress, but will ensure continual growth of the country’s Oil and Gas industry.

Johnson said, “Transformational leadership, as we all may be aware, is one in which leaders mobilize and inspires his team to share in the vision he creates about the organization’s ultimate objective to bring about the necessary change.’’

Amongst the laudable achievements PENGASSAN commended Dr Baru for were, “exit of the Joint Venture Cash Call burden through a new funding arrangement with oil majors, sustained crude oil production capacity, review of weak contractual agreements while renegotiating other upstream contracts, stabilizing the downstream sub-sector operations by ensuring sufficient products availability nationwide, as well as development of key gas assets for both domestic and export operations.

It listed others as “significant debt recovery drive from oil traders, boosting the corporation’s commitment to the frontier exploration, recent signing of the NLNG Train-7 Front End Engineering Design (FEED) contract, among others.”

Baru thanked the trade union for the award and their continued support and constructive engagement of the NNPC.