Business

Baru, NNPC management staff sign performance agreements

Refineries operational deficit increased to N132.5bn in 2018

To ensure autonomous and strategic business units of the Nigerian National Petroleum Corporation (NNPC) deliver on their mandates, the Group Managing Director of the corporation, Maikanti Baru, has signed performance agreements with his management team.

According to a statement issued by the NNPC on Wednesday, 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.

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

“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”, Baru was quoted to have said in the statement.

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Ripples Nigeria

We are an online newspaper, very passionate about Nigerian politics, business and their leaders. We dig deeper, without borders and without fears.
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