Over 70% of NNPC Staff Show Interest in Retirement Scheme

The Nigerian National Petroleum Corporation (NNPC) has reported that over 70% of its eligible staff are interested in participating in a voluntary early retirement scheme. This initiative is part of a broader organizational restructuring aimed at aligning the workforce with long-term transformation goals.

The scheme is designed to be non-coercive, allowing employees nearing retirement to leave earlier while creating opportunities for younger professionals. Employees eligible for the scheme include those scheduled to retire between 2026 and 2030.

Bashir Ojulari, the Group Chief Executive Officer, stated that the restructuring is part of a broader effort to recalibrate the organization and enhance workforce efficiency. Participation in the scheme is entirely voluntary, with no employee being forced to leave.

The program aims to provide financial incentives for those who choose to retire early, thereby facilitating a smoother transition and renewal of the workforce. NNPC has also recruited 1,000 employees in the past year to support this initiative.