Effective Asset/Portfolio Management: NAPIMS Perspective

Abstract

NAPIMS is the investment portfolio management arm of the NNPC that has been entrusted with investments of the federal government of Nigeria in the oil and gas sector. In alignment with best international practices, NAPIMS adopted an efficient asset-based management organizational structure to monitor the true performance of the entire assets within its portfolio. Having an overview of all assets serves as a roadmap/link to obtaining vital background information about legacy performance as well as plans and strategies. Over the years, NAPIMS had a less structured asset overview for producing and non-producing assets thereby, encumbering information access for budgetary and budget performance tasks. The deployed methodology ensures that investments meet the long- and short-term financial objectives and risk tolerance of NNPC and Nigeria at large. This work bridged the performance gap between producing and non-producing assets by delineating important parameters for that influence asset portfolio management. This project also encompasses useful technical, commercial, planning, and financial parameters from sub-sections within an asset group. The developed and implemented solution offers good flexibility by providing every essential and minute detail that can help an asset manager to deep dive into the historical and current performance. It further warehouses the plans for future growth, expansion, and optimizations towards greater profitability.