HighlightOil & Gas

NNPC Retail to Promote Consumption of LPG

360

As Sagamu 24/7 Ultra Mega Fuel Station set for Commissioning

 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, otherwise called cooking gas.

The Managing Director of the subsidiary, Mr. Yemi Adetuji, disclosed this in Abuja today 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.

Mr. Adetunji stated that presently his Company enjoyed between four and five per cent of the country’s Liquefied Petroleum Gas (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.

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 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.

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.

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.

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.

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.

Ahead of the upcoming festive season, Adetunji stated that the retail outfit had made all necessary arrangements to keep its stations wet across the country.

Leave a comment

Related Articles

Ademola Lookman’s Atalanta Reclaims Top Spot in Serie A with Thrilling 3-2 Win Over Empoli

Atalanta surged back to the top of the Serie A standings with...

Death toll climbs to 22 in Anambra palliative distribution tragedy

Death toll from the devastating stampede incident in Okija in the Ihiala...

Updated: Stampede at Anambra rice giveaway leaves 12 dead, 32 injured

At least, 12 people lost their lives and 32 others were injured...

Ogun Information Ministry Vows to Intensify Mobilisation Efforts, Justifies N2bln 2025 Budget Proposal

The Ogun State Ministry of Information has assured the public of its...

No Shutdown: NNPC Ltd. Denies Report on Old Port Harcourt Refinery

The Nigerian National Petroleum Company Limited (NNPC Ltd) has dismissed reports that...

Court Slaps MTN with N15m fine for disturbing customer me with unsolicited messages, caller tunes

In a landmark decision, the Court of Appeal in Abuja has slapped...

Bitter rivalry between Pasuma and Taye Currency shows no signs of abating

…There was no reason for Taye to be at Pasuma’s 40 years...

Update: Ekiti court grants Dele Farotimi N30m bail

Magistrate Abayomi Adeosun of an Ado Ekiti Magistrate’s Court has granted human...

Just in: Imprisoned Dele Farotimi appears in Ekiti Court amid tight security for ruling on bail application

Dele Farotimi, a prominent Human Rights lawyer and activist, arrived at the...

Just in: Imprisoned Dele Farotimi appears in Ekiti Court amid tight security for ruling on bail application

Dele Farotimi, a prominent Human Rights lawyer and activist, arrived at the...

Just in: National Sports Festival now to hold May 16- 30, 2025 – NSC

Following the postponement of the National Sports Festival, tagged “Gateway Games, Ogun...

Domestic Crude Oil Sale Initiative: Tinubu’s Strategic Move Pays Off

President Bola Tinubu’s directive to sell crude oil and refined products in...

Saudi Arabia Eyes Hosting 2036 Olympics, Gains Backing from IOC Presidential Hopeful

Saudi Arabia is throwing its hat into the ring to host the...

Reps’ Pledge N704.91m for Vulnerable Nigerians, Presentation Set for Dec 31

The House of Representatives is set to present a significant donation of...

Alleged N110bln money laundering charge: Court admits Yahaya Bello to another N500m bail

Yahaya Bello, the immediate past Governor of Kogi State, has been granted...

Port Harcourt Refinery Rehabilitation a “Masterstroke,” Says Former NNPC Boss

In spite of the criticism and cynicism trailing the feat, former chief...

Updated: 32 feared dead in Ibadan funfair tragedy: Ooni’s ex-wife, others arrested

At least, 32 children were feared killed during a stampede at a...

Rugby: Tunisia Triumphs Over Nigeria with 34-10 Win in Africa Cup Qualifiers

The Nigerian senior men’s national rugby team, the Stallions, suffered a 34-10...

SanDisk Teases Forthcoming Launch of Next-Generation Storage Device

Sandisk previews new corporate branding defined by a ‘Mindset of Motion’ Creative...

2025 FG’s budget: Full text of President Bola Tinubu

My Fellow Nigerians, 1. In fulfilment of one of my constitutional duties...