Thursday 17th August, 2017
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NNPC diversifies into medical business

NNPC diversifies into medical business

Despite failing to hit prof­itability in its core man­date of hydrocarbon ex­ploration and production, and downstream distribution of pe­troleum products, the Nigerian National Petroleum Corporation (NNPC) yesterday disclosed that it is expanding its participation in the health sector.
 
A statement by NNPC’s Group General Manager, Group Public Affairs Division, Ndu Ughama­du said the latest move isin line with the “corporation’s stand to stay afloat as a commercially via­ble entity”.
 
Latest figures from its opera­tions released last week showed that the corporation made a com­bined trading loss of N31. 26 bil­lion for the months of December, 2016 and January 2017.
 
The statement said the Group Managing Director of the corpora­tion, Dr. Maikanti Baru, made this known yesterday in Abuja while in­augurating the Boards of the NNPC Medical Services Ltd. (NMSL) and the NNPC Health Maintenance Or­ganisation (HMO) Ltd.
 
Ughamadu quoted Baru to have said: “My vision is to make NNPC a renowned Health Medical Servic­es (HMS) provider globally. In the nearby future, we are committed to making our medical facilities a reference point for the provision of world-class health medical ser­vices in Africa and beyond”.
 
He said following the recent restructuring of the NNPC, its Group Medical Services was re­aligned as a new venture non-core business entity, charged with the responsibility of creat­ing new medical businesses that will generate revenue for the Cor­poration.
 
He noted that the NNPC Med­ical Services Division boasts of 52 clinics and hospitals spread across the Corporation’s various locations across the country, providing ser­vices to staff and their family mem­bers.

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