Baru directs NNPC retail to secure 30% market share

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The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has directed the Corporation Downstream company, NNPC Retail, to increase its current 14 per cent market share to 30 per cent by 2020.

Speaking yesterday  in Abuja during the first Triennial Delegates Conference of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), NNPC Retail Branch, Dr. Baru said the directive was an assignment that must be accomplished.

A release by NNPC Group General Manager, Public Affairs, Mr. Ndu Ughamadu, said the GMD, spoke at the event, adding he said the NNPC management would soon expand the operations of NNPC Retail Limited.

Baru stated that NNPC was determined to ensure that the prevailing availability of petroleum products across the country was sustained. He said arrangements have reached advanced stage to acquire more landed property in Abuja and across the states to build more NNPC retail outlets.

Speaking as Chairman of the occasion,  former Group Managing Director of NNPC, Dr. Jackson Gaius-Obaseki, described the state-run oil firm as an accountable and transparent going concern, saying nothing should deter it from sustaining its core values.

The former NNPC chief stated that the current management of the corporation deserved commendation for public accountability, pitched against its periodic and prompt reporting of the company’s operations and financial transactions.

Dr. Gaius-Obaseki, who is also the Chairman of Brass LNG, listed the NNPC core values to include transparency, integrity and accountability which he explained must be reflected in all the company’s dealings with its stakeholders across the Industry value chain.

“The current NNPC top management led by Dr.  Baru, must be commended for updating the books of NNPC business units. This is reflective of what used to be. This must be sustained as NNPC business performance should be reported as stipulated in enabling laws,” he said.

Dr. Gaius-Obaseki stated that the decision to establish the NNPC Retail in 2002 had yielded result with the NNPC Mega stations across the country servicing the petroleum needs of the people, noting that unlike the situation in the past, Nigerians now enjoy fuel availability through the effort of the NNPC Retail Limited.

He urged the union to be focused in their relationship with management to enable both parties work efficiently for the benefit of Nigerians.

“Unionism must move away from strikes and protest to developmental focus.  We must move away from being a combative group as a union but be forward looking and join management in the development of business,” he stated.


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