The Nigerian National Petroleum Corporation, NNPC, has directed its downstream subsidiary, NNPC Retail Limited, to ensure it grow its market share of petroleum products distribution in the country to 30 per cent by 2020
It also plans to expand its presence to other neighbouring states in the West African sub-region.
In a statement in Abuja, Group Managing Director of the NNPC, Mr. Maikanti Baru explained that the target would enable efficient products distribution and price stability across every nook and cranny of the country.
Currently, he said the NNPC’s downstream subsidiary holds about 14 per cent market share of the country’s products distribution network.
Baru explained that the NNPC was also committed to ensuring that the Petroleum Products Marketing Company, PPMC, as a flagship national products marketing company, become more profitable and crucial to meeting the country’s energy demands.
Baru added that NNPC was working assiduously…
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