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. Meanwhile, stakeholders in the Nigerian Oil and Gas Industry have applauded the Corporation for resuscitating the GMD’s Golf Cup Tournament and for promoting the spirit of sportsmanship after a two-year interregnum of the competition.
Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, represented by the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engineer Simbi Wabote, gave the kudos to the Corporation during the ceremonial tee-off of the GMD’s Golf Cup 2017 tournament at the IBB Golf Club in Abuja recently. Dr. Kachikwu said taking to physical exercise was beneficial to keep body and soul together, describing the tournament as a useful platform to network and rejuvenate executives in the Nigerian Oil and Gas Industry.
The Minister of State for Petroleum Resources thanked the NNPC, which he said had encouraged golf in the country.
Speaking at the event, the Group Managing Director of the NNPC, Dr. Maikanti Baru, expressed the readiness of the Corporation to continue to promote sporting culture, stressing that the GMD’s annual Golf Cup Tournament has come to stay.
Represented by the Chief Operating Officer (COO) Gas and Power, Engr. Saidu Mohammed, the GMD said the significance of the tournament was to encourage Nigerians, irrespective of age, to take part in sporting activities which is a good requirement for healthy living.
“The significance of the cup is to make sure that NNPC embraces the culture of sportsmanship and bring back the glories of past years. We wish to encourage the youths to take to sports not just in Abuja but everywhere. We have done it in Port Harcourt, Kaduna, Benin and in Lagos and we will continue to do it,” Dr. Baru averred.
The GMD said the period when the tournament did not hold could be described as lost years, emphasizing that the GMD’s trophy was much cherished as attested to by the presence of the high number of players from golf clubs across the country.
Speaking in a similar vein, former GMD of NNPC who instituted the tournament, Dr. Jackson Gaius-Obaseki, said it afforded industry players to reconnect and build partnership that would take the Nigeria Oil and Gas Industry to the next level even as the industry navigates through the difficult times.
“The GMD’s Golf Cup started during my time as GMD and, like I said, we were looking for an activity that will bring all the industry players together and this was one of them. It will surprise Nigerians that a lot of the major decisions we took at that time between us and the Majors were taken on the golf course. That’s why you found out that it was a period when we recorded some appreciable growth in the Oil and Gas Industry,” Dr. Obaseki revealed.
Dr. Obaseki stated that he was happy with the tournament, disclosing that it was part of his legacies at NNPC. The tournament attracted participants from the NNPC, some of the International Oil Companies, retirees and veterans. The highpoint of the event was the presentation of prizes to winners of different categories of the tournament.