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NNPC to expand retail outlets

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NNPC to expand retail outlets

The Nigerian National Petroleum Corporation (NNPC) has said it is working to expand its network of retail stations nationwide.

Group Managing Director of the corporation, Dr. Maikanti Baru, disclosed this while receiving Governor Rauf Aregbesola at the NNPC Towers in Abuja, on Thursday.

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 the environs.

According to the GMD, Osun State government has completed a modern 26 nozzle retail station and is planning to lease it out to the corporation.

Baru added: “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.”

“We have reached an advanced stage in our discussions. Next week, we are expected to further discussions on commercial terms of offer with the state Government’s team,” Baru added.

Responding, Governor Aregbesola said he was in the NNPC to commend the corporation for its interest in driving development in Osun State.

Read also: Nigerian equities lead emerging markets’ laggards with N240bn loss

He said in order 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 NNPC Depot in Ibadan and the marketers in the state.

In a related development, no fewer than 160 firms of professional estate surveyors and valuers participated in the bid to provide the NNPC with valuation and land acquisition services.
This was disclosed by the Group General Manager (GGM), Supply Chain Management, Mr. Shehu Liman, during a public bid opening exercise conducted by the corporation.

The GGM who was represented by the General Manager, Supply Chain Management, Mrs. Sophia Mbakwe, stated that NNPC was desirous of engaging reputable and competent firms of estate surveyors and valuers that could provide unparalleled and exceptional valuation and land acquisition services to the Corporation in order to sustain its drive towards excellence in service delivery.

Speaking in similar vein, the General Manager, Group Administration Services (GAS), who was represented by the Deputy Manager, Valuation and Acquisition, Mr. Chuks Ogbunude, explained that the bid opening was in compliance with the Public Procurement Act.

He assured bidders of a level playing field to guarantee the emergence of the best firm.

Representatives of some of the bidding firms who witnessed the exercise expressed satisfaction, describing NNPC as a transparent company.

 

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