Olufemi Soneye, the Chief Corporate Communications Officer (CCCO) of Nigeria National Petroleum Corporation Limited (NNPC Ltd), discusses the ongoing recruitment exercise of the company and highlights its shift towards profitability and sustainable energy.
There have been significant changes in NNPC Ltd. Firstly, we have transformed into a Private Limited Liability Company, operating as a true commercial entity under the Company and Allied Matters Act (CAMA) and the provisions of the Petroleum Industry Act (PIA) 2021. This requires us to seek funding globally to effectively carry out our business operations. Secondly, our focus is now on profitability, and we have expanded our business accordingly. Every member of our organization, from the Group CEO to the newest employee, is dedicated to delivering value to the 200 million Nigerians we serve. Thirdly, we have restructured our operations to align with the current global energy market dynamics. Our efforts are focused on future sustainability, and we are investing in gas and power projects to transform into an integrated energy company. Through critical gas infrastructure projects, we aim to enhance power generation, revitalize industries, create job opportunities, and drive economic growth in Nigeria. Our recent investments in Compressed Natural Gas (CNG) highlight our commitment to innovative and cleaner energy sources.
We have recently announced the commencement of our 2024 Recruitment Exercise, showcasing our keen interest in bringing talented individuals from various fields on board.
Concerning the believability of our recruitment exercise, the overwhelming interest it has generated demonstrates its credibility. The sheer volume of traffic on our official website, which caused temporary crashes, speaks to the faith applicants have in joining Africa’s largest energy company. It is important to note that godfatherism has no place in NNPC Ltd’s recruitment process. Merit has always been our fundamental guiding principle since 2000, and the records are available for verification. We are proud to offer equal opportunities to candidates, regardless of their background, tribe, faith, or gender. Our recruitment exercise is transparent, adhering to world-class practices and ensuring merit and fairness. We also prioritize inclusivity by accommodating people with disabilities throughout the process. Any successful applicant who went through the process without connections can attest to this fairness. While there may be unsuccessful applicants with negative experiences, we remain committed to maintaining a fair and transparent recruitment process.
Contrary to the assertion of opacity, NNPC Ltd upholds transparency and accountability in its operations. We regularly share information with our shareholders and publish Audited Financial Statements for scrutiny. Under the leadership of Mallam Mele Kyari, we have embraced transparency, accountability, and performance excellence (TAPE) as our guiding principles. We have also become a global Extractive Industries Transparency Initiative (EITI) supporting company, joining a group that adheres to international standards of transparency and accountability in the extractive industry. This commitment demonstrates our dedication to openness in all aspects of our business.
NNPC Ltd is a profitable company with the potential to be a strong competitor in the industry. Since Mallam Mele Kyari assumed leadership, we have achieved significant growth and profitability. After years of losses, we declared a profit for the first time in 2020, and this positive trend has continued. Our financial performance over the past five years shows that NNPC Ltd is on the right track and can generate substantial returns. With the empowerment from the Petroleum Industry Act (PIA), we anticipate even higher profit margins in the future. It is worth noting that we have announced an end to subsidies.
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