The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, said the Corporation is set to control more than 14 per cent local market share of fuel supply in Nigeria.
Speaking during the NNPC Day at the ongoing International Trade Fair in Lagos, Baru stated that the NNPC currently holds 14 per cent market share of the downstream sector and has expanded its retail outlets to achieve its objectives.
“To aid in achieving this target, we have expanded our retail outlets, notable examples are, indeed, located here in the South-West. For example, we have the newly constructed ultra-modern mega station along the Lagos-Ibadan Expressway.
“The corporation is leaving no stone unturned to ensure that Nigerian Pipeline and Storage Company (NPSC) already existing infrastructure are rehabilitated and new ones added as necessary steps to guaranteeing efficient storage and distribution of petroleum products across the nation, thereby ensuring supply reliability and energy security,” he said. Read more