Nigerian National Petroleum Corporation (NNPC) is to build more depots across the Country, reports Brand Spur Nigeria.

NNPC Group Managing Director, Dr. Maikanti Baru who disclosed this Monday in Abuja while inaugurating the board of one of its downstream Companies, NNPC Retail limited, said the addition to the corporation’s existing 23 depots nationwide would ease products supply and distribution in the country.

Dr. Baru who charged the members of the board to expand the company’s market share from 13 to 30 percent said building more depots by the corporation was more feasible than acquiring dormant ones.

He lauded NNPC Retail for its strong intervention to wet the market at a time when other downstream players were playing underhand games to create artificial scarcity.

The GMD tasked the board to aggressively see to the expansion of the NNPC Retail beyond the shores of Nigeria, adding: “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 diversification and backward integration, the GMD directed the company to venture into lubricants production, marine, and industrial services to boost its revenue profile as it was a line with our quest as an integrated oil company

Responding, Chairman of the board and Chief Operating Officer (COO), Gas and Power, Engr. Saidu Mohammed said as an NNPC-owned company, the watchword for NNPC Retail should be “efficiency and profitability, especially in a downstream system like ours that is highly competitive”.

He pledged the commitment of the board and management of the company to the attainment of the goals of the corporation.

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

Other members of the board include Engineer Henry Ikem Obih, Chief Operating Officer (COO), Downstream, as alternate Chairman; COO, Refineries, Engr. Anibo Kragha; GGM, Shipping, Hajia Aisha Ahmadu Katagun;  Mr. Yemi Adetunji and some other top Management Staff.

Mrs. Obioma Agbambo, Company Secretary and Legal Adviser, NNPC Retail, will serve as Secretary to the board.



SOURCE: https://brandspurng.com/nnpc-to-build-more-depots-expand-market-share/

See wetin Obasanjo letter they cause

Ftc

after effect of "the letter" !!....more body language to be revealed...

Story

Ok.

FTC...thank God

Build us refinery not depot expand.

gotousa2013:
FTC...thank God

lol....who dash u?

Nonsense, maintain and upgrade the existing ones instead of embarking on another white elephant project.

Depots depots

The ones we have are not functioning.

Why not let's use that money to build a refinery, that will at least reduce cost

Still on the "to"

I don't understand how a country of various bright minds carry illiterate turn president

I'll believe when I see action

nonswnse...we dont need depot, we need standard refineries..

I know BUHARI plan is to build more depot in the north to improvish the southern states...Nigerians won't be surprised if 20 depots are built up north the the southern states take 3 depots. BUHARI ethnic and religious bigotry cannot be hidden in his actions and decisions..

More depot?

For heaven's sake, NNPC doesn't need more depot, what they need is constant supply to their already established depots or better still give franchise to private marketers to use their name just like Mr. Biggs did.

I don't just know what is wrong with this country.

Provide fuel at pump price first

They better do something very fast for the populace to see and enjoy not by promising any more,people don't want any promise again but action

Ok

postbox:
Nigerian National Petroleum Corporation (NNPC) is to build more depots across the Country, reports Brand Spur Nigeria.

NNPC Group Managing Director, Dr. Maikanti Baru who disclosed this Monday in Abuja while inaugurating the board of one of its downstream Companies, NNPC Retail limited, said the addition to the corporation’s existing 23 depots nationwide would ease products supply and distribution in the country.

Dr. Baru who charged the members of the board to expand the company’s market share from 13 to 30 percent said building more depots by the corporation was more feasible than acquiring dormant ones.

He lauded NNPC Retail for its strong intervention to wet the market at a time when other downstream players were playing underhand games to create artificial scarcity.

The GMD tasked the board to aggressively see to the expansion of the NNPC Retail beyond the shores of Nigeria, adding: “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 diversification and backward integration, the GMD directed the company to venture into lubricants production, marine, and industrial services to boost its revenue profile as it was a line with our quest as an integrated oil company

Responding, Chairman of the board and Chief Operating Officer (COO), Gas and Power, Engr. Saidu Mohammed said as an NNPC-owned company, the watchword for NNPC Retail should be “efficiency and profitability, especially in a downstream system like ours that is highly competitive”.

He pledged the commitment of the board and management of the company to the attainment of the goals of the corporation.

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

Other members of the board include Engineer Henry Ikem Obih, Chief Operating Officer (COO), Downstream, as alternate Chairman; COO, Refineries, Engr. Anibo Kragha; GGM, Shipping, Hajia Aisha Ahmadu Katagun;  Mr. Yemi Adetunji and some other top Management Staff.

Mrs. Obioma Agbambo, Company Secretary and Legal Adviser, NNPC Retail, will serve as Secretary to the board.



SOURCE: https://brandspurng.com/nnpc-to-build-more-depots-expand-market-share/

building more depot is not the issue to address but a comprehensive logistics plan to service the nationwide fuel stations

bunch of confused mofos...

thunder wer don gym finish fire una there for dis una fake promises

Deport for imported fuel . What's wrong in building refinary ? ?oh the importers will cry

If only Buhari could do the needful by firing you for gross incompetence and insincerity.

NNPC , please help us release the pending appointments as business expands. God Bless NNPC, God Bless Nigeria

I really need to reposition myself. I see a great opportunity in the Nigerian Downstream Petroleum Sector.

How about fixing up some refineries? I thought these guys have advisers to guide them on major moves like this, how they still make the wrong decisions baffles me.

Oh