Nigerian National Petroleum Company Limited (NNPC Limited) has disclosed that it has concluded plans to grow its fuel retail presence across the country from 547 to over 1,500 outlets within the next six months.Mr Mele Kyari, the Group Chief Executive Officer of NNPC Limited on Tuesday in Abuja at the unveiling of the new company, announced that the firm had adopted a strategic initiative to achieve the mandate of energy security for the country.
The CEO said that NNPCL will roll out a comprehensive expansion plan to grow its fuel retail presence from 547 to over 1500 outlets within the next six months, just as he assured stakeholders and the global energy community that the new company was endowed with the “best human resources one can find anywhere in the industry.”
He added, “NNPC Limited is positioned to lead Africa’s gradual transition to new energy by deepening natural gas production to create low carbon activities and positively change the story of energy poverty at home and around the world,” he said.
Also speaking at the unveiling of the new company, which held at State House Conference Centre, Abuja, the President of Nigeria, Muhammadu Buhari said Africa’s largest National Oil Company (NOC) would also support sustainable growth across other sectors of the economy as it delivers energy to the world.
He expressed optimism that the NNPC Limited will sustainably deliver value to its over 200 million shareholders and the global energy community; operate without relying on government funding and free from institutional regulations such as the Treasury Single Account (TSA).
Minister of State for Petroleum Resources, Timipre Sylva, in his own words described the unveiling of NNPC Limited as a new dawn in the quest for the growth and development of the Nigerian Oil and Gas Industry, opening new vintages for partnerships. He thanked the President for his unparalleled leadership, steadfastness, and unalloyed support towards ensuring that the country’s oil and gas industry is on a sound footing.
