The Nigerian National Petroleum Corporation, NNPC, Wednesday, disclosed that it would shut down its business units that are not performing to set standards.

According to a statement in Abuja, Group Managing Director of the NNPC, Mr. Maikanti Baru, stated that in line with this, the corporation had signed performance agreements with his management team to ensure that all its Autonomous Business Units, ABU, and Strategic Business Units, SBU, deliver on their mandates.

Baru said the Key Performance Indicators, KPI, contained in the agreements would serve as guides to the Chief Operating Officers, COO, to deliver tangible and measurable key deliverables in advancement of the management objectives of the NNPC.

Baru, who stated this at the Second and Third Quarter 2018 Management Steering Committee, STEERCO, meeting in Abuja, explained that the KPIs would also serve as a management tool to gauge the performance of the Chief Operating Officers.

Source: Vanguard