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Regardless of the noticeable successes recorded within the fuel sector, Suresh Kumar, the managing director, Nigerian Unbiased Petroleum Firm (NIPCO) Plc has mentioned that extra concerted efforts are nonetheless wanted within the areas of infrastructure to ensure entry to the merchandise.
Kumar, who applauded governments in any respect ranges over programmes focused at deepening home fuel utilisation in consonance with international power transition, spoke on the nineteenth Annual Normal Assembly (AGM) held in Abuja.
“Operators have primarily based their hopes on speedy completion of the Abuja-Kaduna-Kano (AKK) fuel pipeline and subsequent connection of extra cities to the fuel pipeline throughout the nation,” he acknowledged.
Recounting the efficiency of the petroleum advertising firm within the 2022 monetary 12 months, he mentioned that the corporate was in a position to scale by means of the worldwide and nationwide challenges by means of its resilience construction.
“Our efficiency in 2022 was primarily on a long-term development technique that was anchored on prudent administration of sources, value optimisation, teamwork and unflinching assist of the board of administrators,” he mentioned.
Kumar continued: “Our firm’s daunting efforts within the trade and certainly fuel sector can also be worthy of observe with its wholly-owned subsidiary, NIPCO Gasoline Restricted (NGL). The corporate has continued to deepen home fuel utilisation by means of entry to each CNG for auto use and piped pure fuel for industrial utilization. It has constructed and laid over 100 kilometres of huge fuel pipeline and at the moment in Lagos -Ibadan expressway linking Ogun State to its neighbouring Oyo State through fuel pipeline.
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“NIPCO Gasoline Restricted (NGL) launched into the development of three CNG refill stations in FederalCapital Territory (FCT) and environs in 2022 to facilitate entry to fuel by motorists and different finish customers. Two of the stations are prepared and functioning with the Abuja airport highway station servicing the newly inaugurated mass transit buses for civil servants within the territory and different motorists,” he acknowledged.
Kumar mentioned that NGL is entrenching its presence throughout the federation, encouraging a swap to pure fuel by motorists and industries as most popular power supply by means of large funding in infrastructure to enhance entry.
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