NNPC lay-off all management staff with less than 15 months to retirement  

Our reporter/ The Nigerian Nation Petroleum Company (NNPC) Limited has fired some management staff with less than fifteen months to their retirement effective September 19, 2023.

According to a statement signed by its management on Monday, the oil giant said the reorganisation is in line with commitments to scale up its capabilities “through targeted talent management and equal opportunity for all Nigerians”.

“In our bid to pursue effective organisational renewal to support the delivery of our strategic business objectives, it has become imperative to rejuvenate our workforce,” the NNPC said.

“Consequently, in addition to the recent exit of three (3) Executive Vice Presidents, other Management Staff with less than fifteen (15) months to statutory retirement will be exiting the Company effective 19th September 2023.”

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The organization recently appointed new executive vice-presidents for its upstream, downstream, and gas and power operations.

The NNPC, last year  transitioned from a corporation to a commercial venture based on the provisions of the Petroleum Industry Act (PIA) 2021.

The move was to strengthen the capacity and market relevance of the nation’s oil firm and the general oil industry.


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