The spate of fuel scarcity across the country which has been brought under control by the Nigerian National Petroleum Corporation (NNPC) is still a concern to the state owned company. The corporation is perturbed about the ugly trend which has also increased volume of demands in the country. Henceforth, it is making sedulous efforts to expand its network of retail stations nationwide.
Dr. Maikanti Baru, Group Managing Director (GMD) of NNPC made this known while receiving Governor Rauf Aregbesola of Osun State at the corporation’s headquarters in Abuja. Baru’s declaration came on the heels of advanced talks between the corporation and the Osun State Government on collaboration over establishing a state-of-the-art retail filling station that would improve the supply and distribution of petroleum products in the State and environs.
The GMD, Osun State government has completed a modern 26 nozzle retail station and is planning to lease it out to the corporation. According to him, “Our strategy for the NNPC Retail is to capture as much of the downstream retail market in the country as possible. A state like Osun is very central to our expansion drive. Having looked at the possibilities, we are committed to taking the discussions further.”
The collaboration has reached an advanced stage and both parties are expected to further discussions on commercial terms of offer. The NNPC helmsman explained the partnership would not only expand the downstream fuel distribution and retail in the state, it would also ensure adequate products availability as well as improve commercial return on investment. He added that over the years, NNPC enjoyed tremendous support from Osun State as a neighboring state that hosts the corporation’s System 2B pipeline segments connecting Mosimi Depot with Ibadan, Ore and Ilorin depots.
Baru appraised the governor for his patriotic support during the recent fuel challenges where he constituted a Special State Taskforce to monitor fuel distribution within and across the state, a move that cushioned the effects of the hiccups on Nigerians.
In his remarks, Aregbesola noted he was in NNPC to commend the corporation for its interest in driving development in Osun State.
The governor stated further that to assist the NNPC to ensure smooth distribution of petroleum products across the state, he has set up a taskforce on fuel distribution, working with the Depot in Ibadan and the marketers in the state as well.