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.