Thursday, June 17, 2021

NNPC Retail vows to promote consumption of LPG

Headline

Jaafar Jaafarhttps://dailynigerian.com/
Jaafar Jaafar is a graduate of Mass Communication from Bayero University, Kano. He was a reporter at Daily Trust, an assistant editor at Premium Times and now the editor-in-chief of Daily Nigerian.
tiamin rice

The retail arm of the Nigerian National Petroleum Corporation, NNPC, NNPC Retail Limited, has declared it determination to promote the consumption of Liquefied Petroleum Gas, LPG, otherwise called cooking gas.

The Managing Director of the subsidiary, Yemi Adetuji, disclosed this in Abuja on Wednesday at a press briefing to herald the commissioning of the new ultra-modern mega filling station near Sagamu, along the Lagos-Ibadan Expressway in Ogun State.

He said presently his company enjoyed between four and five per cent of the country’s LPG market share, adding that it was, however, poised to grow its share of the market to 10 per cent.

He said the decision to focus on the LPG market by NNPC Retail was to align with the federal government’s plan to promote cooking gas usage in the country.

READ  NSCDC impounds 71, 500 litres of adulterated petroleum products
READ  Army arrests six for alleged diversion, sale of petrol

According to him, NNPC retail would soon begin a nationwide monitoring exercise of its stations and the affiliate ones to ensure that its customers do not suffer from products under-dispensing, among others.

“One of the key factors in retail business is that customers get value for what they pay for. We have a zero-tolerance for under-dispensing. We have a network development and control section that monitors under-dispensing, and policing the sales and our dealers. We have sanctions if they are caught. If it gets to a point, then contracts of dealers will be terminated,” said Mr Adetunji.

The MD noted that the Company would be leveraging on its brand equity, which remained one of the highest in the industry in the last 15 years to consolidate and grow its retail business portfolio across the country.

READ  Senate to investigate NNPC, oil coys’ boycott of Nigeria pipe manufacturer

On the new Mega Station at Sagamu area along Lagos Ibadan Express Way scheduled to be commissioned on Thursday, Mr Adetunji said the establishment of the station was in line with its company’s desire to expand its services with a view to growing its share of the downstream business in the country.

Mr Adetunji stated that currently NNPC Retail Limited enjoyed 14 per cent of the market share of the sale of white products, adding that the Company aimed at attaining 15 per cent of the mark share soonest.

READ  Smuggling: Nigerian Customs suspends fuel supply to filling stations around borders

He explained that the establishment of the new mega station was in line with the 12-Business Focus Areas, BUFA, of NNPC, disclosing that two more ultra mega stations in Port Harcourt, Rivers State and Yenagoa, Bayelsa State, would be inaugurated later this year and first quarter of 2018 respectively.

READ  Army arrests six for alleged diversion, sale of petrol

On the new mega station along Lagos Ibadan Express Way, Mr Adetunji stated: “It is a state-of-the-art 22-nozzle station. It has a bigger capacity, would be 24/7 open, available at all time. It is much bigger and can serve more vehicles conveniently at the same time. It has room for expansion to build a hotel and a park for tanker drivers that want to relax and lay over.”

He informed that the station was built with high regards for Health Safety and the Environment in line with the NNPC’s zero safety initiative which is designed to ensure nil record of accident or incident in areas of operation.

Related News

Latest News

cosgrove
atrk atrk atrk atrk atrk atrk atrk atrk atrk atrk