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NNPC, Osun to Establish Retail Filling Station

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Shell filling station In Nigeria
  • NNPC, Osun to Establish Retail Filling Station

The Nigerian National Petroleum Corporation is collaborating with the Osun State Government on the establishment of a mega retail filling station that will improve the supply and distribution of petroleum products in the state and its environs.

According to the oil firm, the planned outlet in Osun is part of plans by the NNPC to expand its network of retail stations nationwide.

The NNPC’s Group Managing Director, Maikanti Baru, while playing host to the Osun State Governor, Rauf Aregbesola, disclosed that the government of the state had completed a 26-nozzle retail station and was planning to lease it out to the corporation.

Baru said, “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 possibility, we are committed to taking the discussions further.

“We have reached an advance stage in our discussions. We are expected to further discussions on commercial terms of offer with the state government’s team.”

Baru stated that over the years, the NNPC enjoyed tremendous support from Osun State hosting the corporation’s System 2B pipeline segments connecting Mosimi Depot with Ibadan, Ore and Ilorin depots.

“I am happy to inform you that over the years, we hardly record any incident of pipeline vandalism or security breach along our System 2B pipeline network that cuts across Osun State. This is attributable to the efforts of the state government and the law-abiding people of the state.”

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

“We are here to discuss collaboration on fuel distribution and possible opportunities where the NNPC can invest in my state. We are progressing with the talks on the mega station and we are satisfied with the discussions so far,” he said.

Meanwhile, the corporation has commended the state government for maintaining peace in Osun, with the recent report of the Nigeria Peace Index affirming Osun as the most peaceful state in the country.

The NPI report was put together and unveiled recently in Abuja by the Foundation for Peace Professionals, a research organisation.

The NPI revealed Osun State as the most peaceful state in Nigeria, followed by Kogi and Ekiti states.

The Executive Director, FPP, Abdulrazaq Hamzat, had explained that in attempting to rate the level of peace in Nigeria, the NPI investigated the extent to which states experienced social, economic, political and environmental factors either hindering or promoting peace.

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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