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Published On: Sun, Jun 15th, 2014

NNPC GMD urges business directorate to evolve strategies on value creation

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NNPC Group Managing Director Andrew YakubuBy Etuka Sunday

The Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Engr. Andrew Yakubu, has challenged the Corporation’s Business Development Directorate to evolve innovative and proactive strategies for identifying new business opportunities that could capture and create value for the Corporation.

A statement by the Group General Manager, Group Public Affairs Division, NNPC, Ohi Alegbe quoted Engr. Yakubu to have gave the charge at the opening ceremony of a two-day workshop organized by the

Business Development Directorate of NNPC to brainstorm, build the capacity of staff, and chart a way forward for the Directorate.

Yakubu who pledged utmost support to the Directorate on account of its strategic importance as the engine room of creative business ideas that could sustain and propel the Corporation to higher heights, urged the Directorate to wake up to its responsibilities.

“The time to take your mandate more seriously is now… For NNPC to realize its vision of becoming a world class oil and gas company in line with our transformation roadmap which includes the right to play on the global scene, a strong business development capability must be a top and strategic priority,” Yakubu stated.

The GMD noted that the evolving business environment in the international energy scene with regard to the development of shale gas in the United States of America as well as the increasing competition from traditional oil producers like Angola and new oil producers like Ghana, Ethiopia, Kenya, Uganda and others present challenges that should propel the Business Development Directorate to lead the charge in developing strategies for NNPC to take advantage of the opportunities offered by the changes.

He urged the Directorate to “build the necessary capabilities and skills and seek collaboration from within and outside the NNPC business ecosystem” in order to fulfill its mandate.

Engr. Yakubu also called for a high-level cooperation and interaction between the Business Development Directorate and other Directorates in order to achieve synergy and unity of purpose in the process of exploring new business opportunities, adding that: “While the Business Development Directorate must take leading roles in identifying opportunities for the organization, a shared-value strategy must underpin our growth aspirations”.


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