The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has tasked the newly reconstituted Board of the Petroleum Products Marketing Company (PPMC) to ensure energy sufficiency and multiply the corporation’s efficiency in terms of value addition.
He said the need to sustain all-season availability of products across the country for the corporation’s shareholders and ensure increased profitability necessitated the call.
Kyari made the call on Thursday while inaugurating the new Board of the corporation’s downstream subsidiary at the NNPC Towers, Abuja, according to a statement by the NNPC spokesperson, Dr. Kenny Obateru.
According to him, PPMC was a vital asset critical to the delivery of the corporation’s constitutional responsibility of energy sufficiency to the nation.
“The PPMC is the live wire of our country’s energy supply system. It is not just a business, but a major strategic asset of this corporation operating in line with the provisions of the laws of the country which says that NNPC must guarantee energy sufficiency for this country,” the statement quoted him as saying.
The GMD urged members of the new Board to guide the company’s management in deepening its focus on commerciality for greater value addition to the shareholders.
“The company has huge potentials that could help it overcome challenges posed COVID-19 pandemic and oil price volatility,” he added.
Kyari commended the Management of PPMC for the recent encouraging performance as reported in the audited financial statement and urged the team to improve on it.
On his part, the Managing Director of PPMC, Musa Lawan, reiterated his commitment to ensure that the company under his watch would continue to focus on profitability and efficiency in marketing refined petroleum products.
He emphasized that energy security would continue to be a top priority as the company continues on the path of automation of its services.
The reconstituted Board of PPMC is made up of the NNPC Group Managing Director, Mallam Mele Kyari, as Chairman; Chief Operating Officer, Downstream, Ms Lawrencia Ndupu, as Alternate Chairman; Mr. Ibrahim Bello, as Secretary; Chief Operating Officer, Upstream, Mr. Adokiye Tombomieye; and Managing Director of PPMC, Mr. Musa Lawan.
Others members are: Group General Manager, Corporate Planning & Strategy, Mrs. Oritsemeyiwa Eyesan; Group General Manager, Accounts, Isiaku Abdullahi; Executive Director, Shared Services, PPMC, Mr. Kola Otitonaiye; and Executive Director, Commercial, PPMC, Mr. Naheem Adio.