NIPCO Plc has achieved a significant milestone in its business operations with over 250 branded outlets in the company’s two decades of history.
This landmark achievement was announced by Suresh Kumar, Managing Director/CEO of NIPCO Gas, during the company’s 2023 Annual General Meeting held at the Abuja Continental Hotel, FCT, Abuja.
Kumar said the acquisition of these stations for white oil products, including petrol and diesel, was unprecedented in the annals of downstream operations in the nation’s hydrocarbon industry.
According to him, the expansion reflects NIPCO’s commitment to enhancing its market presence and distribution network across Nigeria.
“The acquisition of over 250 branded outlets for white products and Liquified Petroleum Gas alone is a phenomenal achievement for NIPCO PLC.
“This strategic move will significantly boost our capacity to serve our customers better and strengthen our position in the Nigerian petroleum market.”
“Despite the challenging conditions in the nation’s downstream sector, especially during 2023, which was an election year in Nigeria, with extensive politicking, NIPCO PLC managed to increase its retail outlets footprint across the country,” he stated.
Looking ahead to 2024, Kumar expressed confidence in NIPCO Gas’s commitment to its unique business models and sound practices that guide its daily operations.
“We are dedicated to improving our service deliverables to customers while making conscious efforts to optimize shareholders’ value,” Kumar added.
He reiterated NIPCO Gas’s commitment to providing superior services through the constant deployment of world-class equipment, aligning with the company’s vision to be the first-choice company in the oil and gas industry for all stakeholders.
He assured that NIPCO’s investments in infrastructure to ensure the widespread availability of CNG across the country would receive renewed focus, driven by the positive environmental and economic impact of increased CNG adoption.