The retail arm of the Nigerian National Petroleum Corporation (NNPC), NNPC Retail Limited, has announced that it will promote the consumption of liquefied petroleum gas (LPG), also called cooking gas
Yemi Adetuji, managing director of NNPC Retails, stated that presently the company controls four to five per cent of the country’s LPG market share, noting that it looks forward to grow its share up to 10 per cent.
Adetuji disclosed this at a press briefing in Abuja during the commissioning of the new ultra-modern mega filling station near Sagamu, along the Lagos-Ibadan Expressway in Ogun State.
He said that the decision to focus on the LPG market comes in line with the federal government’s plan to promote usage of cooking gas in Nigeria.
According to him, NNPC retail is planning to begin a nationwide monitoring exercise, aiming to ensure that its customers do not suffer from products under-dispensing.
“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.
He further 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.
The establishment of the new mega station is in line with the 12 business focus areas (BUFA) of NNPC. 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.”
He disclosed that two more ultra mega stations in Port Harcourt and Yenagoa would be inaugurated by the Q1 2018.
