The 2019 budget of the Nigerian National Petroleum Corporation (NNPC), has gotten an early approval by President Muhammadu Buhari.
This was disclosed on Wednesday by the Corporation’s Group Managing Director, Dr. Maikanti Baru, according to a statement by its spokesman, Mr. Ndu Ughamadu.
Dr Baru who was speaking in Abuja at a Supply Chain Management workshop for NNPC Procurement Managers, commended President Muhammadu Buhari for the early approval of the NNPC budget.
Baru assured that as the chief revenue earner for the nation, the NNPC was committed to the economic policies of the Federal Government.
“The whole essence of the next level is to ensure that things are done correctly and speedily for the benefit of the people”, Dr. Baru stated.
The GMD warned management and staff of the corporation against any action that contravenes the provisions of the Public Procurement Act in the award of contracts, saying severe penalties awaits any defaulter.
He cautioned staff against contract splitting and accumulation, which he described as a deliberate act by procurement managers to subvert due process in the procurement process.
He restated the corporation’s commitment to transparency in every aspect of its operations, stressing that all procurements and contract awards in the corporation under his watch so far had been carried out in conformity with the Public Procurement Act.
To further deepen the culture of transparency in the corporation, the GMD directed the Supply Chain Management Division to step up its level of monitoring of the various tender boards within the NNPC for full compliance.