NAOC trains Bayelsa SMEs contractors on succession planning

The need to sustain Small and Medium Enterprises (SMEs) through succession planning was the focus of a two-day workshop organised by the Nigerian Agip Oil Company (NAOC) and its development partners in Yenegoa, Bayelsa State.

The workshop trained proprietors and managers of small and medium businesses with skills and best practices in planning for the continuity and sustainability of their businesses when the owner either retires or dies.

Speaking at the opening ceremony, the Vice-Chairman and Managing Director, NAOC, Massimo Insulla, said the succession planning workshop, was the second of the 2017 Nigerian content activities hosted by Eni, Agip’s parent company.

He said participants were acquainted with typical continuity challenges of Nigerian SMEs, case studies of successful transitions, prerequisites for succession planning, ownership versus management, as well as insights into family business and transition management.

His words: “The programme was significant because it aligned with the new vision of Eni, which recognises that diversity across all aspects of our operations and organisation is something to be cherished. We believe in the value of long term partnerships with the countries and communities where we operate.

“We were in Yenagoa, Bayelsa State to kick off a two-day succession planning workshop to train an additional 90 Eni vendors and towards the end of the month, we shall be in Port Harcourt, Rivers State for an indigenous technology forum.”