NNPC’s Group Managing Director, Dr. Maikanti Baru, said this January 21 2018 in Abuja when he inaugurated the board of the NNPC Retail Limited. Baru, also disclosed that the NNPC would in the course of the period build more products depots to add to its existing 23 depots scattered across the country. He explained that it would help ease products supply and distribution in the country. saying “By mid-2019, you should be having plans to go into the sub-region, this board should propel NNPC Retail into a new height,” 

On the scarcity of petrol in the country which has lingered, Baru lauded NNPC Retail for what he said was its strong intervention measures in providing petrol in Nigeria at a critical time, claiming that other downstream players were playing underhand games to create artificial scarcity. He also asked the NNPC Retail Limited to venture into lubricants production, marine and industrial services to boost its revenue profile, adding that it was as in line with the corporation’s quest to become an integrated oil company.

The statement also quoted the Chief Operating Officer (COO), Gas and Power, of NNPC, Mr. Saidu Mohammed, chairman of the board to have said that the company would ensure “efficiency and profitability, especially in a downstream system like ours that is highly competitive.” Saidu pledged the commitment of the board and management of the company to the attainment of the goals of the corporation.

Mr. Yemi Adetunji, Managing Director of the company, expressed delight that Baru reinforced the vision of the company to expand beyond the shores of Nigeria. He said that the targets were achievable especially with the support of the board and management of the company.

Alade Counselor
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