NNPC Ltd: We’re NOT Planning To Sack Or Cut Staff Salaries

THE Nigerian National Petroleum Company Limited (NNPC Ltd) has debunked media reports that...

THE Nigerian National Petroleum Company Limited (NNPC Ltd) has debunked media reports that it has commenced retrenchment of its workers after transitioning to a commercially driven entity.

The Group General Manager, Group Public Affairs Department of the NNPC Ltd., Garba Deen Muhammad, said in a statement he issued today that there was no such move by the company.

“NNPC Limited has not, and is not planning to lay off a single staff member as a result of the transitioning of the Nigerian National Petroleum Corporation (NNPC) to NNPC Limited.

“The Petroleum Industry Act (PIA) 2021 is very clear that no staff will lose his/her job, or earn less than what they earn before the transition,” it added.

Before the statement was issued, there had been several media reports that the NNPC Ltd had offered a “tempting” package to workers willing to accept voluntary retirement.

The reports were contrary to the assurance given at the inauguration of the NNPC Ltd by its Group Chief Executive Officer of the NNPC Ltd, Mele Kyari, that none of the company’s 7,000 workers would be sacked, stressing that the Petroleum Industry Act (PIA) did not prescribe such a measure.

“We do not have a bloated workforce. Today, the company’s workers population is just 7,000. I believe that with the expansion, we have a line of sight. We are going to hire more people to work for us.

“The law has also provided that no one is going to leave this company. Everybody’s work is preserved. Their benefits are preserved. So, no matter for concern for the workers of this company,” Kyari had said.

TLD Newsletter

Get the latest legal news, key cases, top lawyers, and expert analysis for your legal journey.

RELATED ARTICLES

Dangote Refinery Exports 456,000 Tonnes Of Fuel To African Markets

The Dangote Petroleum Refinery said it has strengthened Nigeria’s presence in the regional energy market

Dangote Refinery Reduces Petrol Price By ₦100 To ₦1,075 Per Litre

The Dangote refinery reduced its ex-gantry petrol price to ₦1,075 per litre on Tuesday, representing

OPL 245 Deal May Unlock 150,000bpd For Nigeria’s Oil Output — Ojulari

The Group Chief Executive Officer of Nigerian National Petroleum Company Limited, Bayo Ojulari, has said

Seplat Targets 200,000bpd Oil Production by 2030

Seplat Energy Plc, has unveiled its plans to grow production to 200,000 barrels of oil

OPEC+ Eight Agree Gradual Increase in Oil Output

Eight key members of the OPEC+ alliance on Monday agreed to begin a gradual increase

Eterna Commits to Energy Sufficiency, Rolls Out Self-Service

Eterna Plc has rolled out self-service fuel terminals across its retail network, marking a practical

TLD Newsletter

Get the latest legal news, key cases, top lawyers, and expert analysis for your legal journey.

TLD Newsletter

Get the latest legal news, key cases, top lawyers, and expert analysis for your legal journey.