NNPC Limited, a downstream subsidiary of the Nigerian National Petroleum Corporation, NNPC, has entered Nigerian Lubricant market with the introduction of high performing Engine Oils.
The Unveiling event which took place at the Amphitheatre of the NNPC Towers in Abuja was presided over by Mallam Mele Kyari, Group Managing Director of the Corporation, in the presence of highly elated crowd made up of management and staff of NNPC Retail Limited as well as dealers and representatives of the 380 NNPC Downstream subsidiary company’s outlets across Nigeria.
The package has on offer Nitro (Diamond, Gold, Super, 2T) and Nitro Super 40, all designed for petrol-power engines, while the diesel propelled engines have the Rhino (Rhino HD40 & Rhino X) engine oils.
According to Kyari, NNPC’s entry into the lubricant market was to ensure that the corporation create new platforms for the commission to generate revenue.
“Unveiling the products, Mallam Kyari said the entry of NNPC into the lubricant market was to ensure that the corporation opened up new areas of revenue generation while ensuring stakeholders reaped bountifully from the participation of the corporation in the entire value chain of the Oil and Gas Industry,” the release read.
Further stating that the company overtime had built trust in customers, Kayeri promised that the company will not only maintain the trust it has built in its other sector , but it will carry it into the lubricant business to give Nigerians value for money.
He assured that the NNPC would continue to provide the needed support and encouragement to its Retail unit to keep up the required standards and fulfil its mandate and obligation to stakeholders.
Also speaking at the unveiling event was the Chief Operating Officer of the Downstream sector Engr. Yemi Adetunji who promised that the coming of NNPC lubricants would bring prosperity to all stakeholders.
“Its prosperity for our partners, prosperity for NNPC Retail Limited, prosperity for NNPC and prosperity for all Nigerians who now have a product they can truly call their own,’’ he said.
In his remarks, Sir Billy Okoye, Managing Director of NNPC Retail Limited, said though the products had been in the offing for such a long period, the wait was worthwhile because NNPC Retail Limited took advantage of the period to consolidate research on the lubricant.
He informed that come February next year, the lubricants would be available in all the 774 Local Government Areas in Nigeria, declaring that dealers and stakeholders have been fully mobilized in this regard.