The Nigerian National Petroleum Corporation (NNPC) says it is set to increase its 14 per cent market share in the nation’s downstream petroleum retail market.

The Group Managing Director of NNPC, Dr Maikanti Baru, said this during NNPC Special Day at the ongoing Lagos International Trade Fair on Thursday in Lagos. The fair was organised by the Lagos Chamber of Commerce and Industry (LCCI).

Represented by Mr Ikem Obi, Chief Operating Officer, NNPC Downstream, Baru said the corporation aimed to go beyond its current 14 per cent market share of the downstream sector.

“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’s 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.

Source: The Nation