The Nigerian National Petroleum Company Limited has announced the compulsory retirement of all management staff with less than 15 months to statutory retirement.

In the announcement made on Tuesday, September 19, the company said the retirement of the affected workers is with immediate effect and also in line with its business objectives.

The statement read; 

“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.

“Consequently, in addition to the recent exit of three Executive Vice Presidents, other management staff with less than 15 months to statutory retirement will be exiting the company effective September 19, 2023.

“This is in line with our commitment to scale up NNPC Ltd.’s capabilities through targeted talent management and equal opportunity for all Nigerians.”