Baru signs performance contract with NNPC management staff

* Regulate petrol sales at borders, PPMC tells
marketers

The Group Managing Director of the Nigerian National Petroleum
Corporation, Maikanti Baru, has signed performance agreements with
his management team to ensure that all the Autonomous Business
Units and Strategic Business Units of the state-owned company
deliver on their mandates.

Baru said the key performance indicators contained in the
agreements would guide chief operating officers to deliver tangible
and measurable key deliverables in advancement of the NNPC
management objectives.

He said the KPIs would also serve as a management tool to gauge
the performance of the COOs.

Baru was quoted in a statement issued in Abuja on Wednesday as
saying, “Signing of the KPIs is important because it will guide the
COOs in their operations and when we reconvene next year to
evaluate activities, the document will help us to see if what was
signed corresponds with delivery.”

This is coming as the Petroleum Products Marketing Company has
urged Major Marketers Association of Nigeria to regulate the
volumes of petroleum products dispatched to their members’
affiliate stations close to Nigeria’s borders.

The Managing Director of the PPMC, Umar Ajiya, said this was
necessary in order to stem cross border leakages and forestall
attendant product price hikes.

He said price arbitrage, the differential between regulated
price in Nigeria and the high products prices in neighbouring
countries, encouraged smuggling.

He advised members of the association to endeavour to increase
the respective storage in their depots and stations to avoid
stock-out as the Yuletide approaches.

Ajayi gave the assurance that NNPC/PPMC had enough stock of
Premium Motor Spirit, otherwise called petrol, and other
products.

He said the company’s petrol stock alone would last for about 45
days even in the absence of fresh supplies, and that the target was
to get the sufficiency level to 50 days.

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