NIPCO adds 250 new stations to fuel retail network in Nigeria
Published on: Aug 15, 2024
The company has undergone an aggressive expansion throughout last year, strengthening its position in the local market.
Nigerian NIPCO has expanded its fuel retail network with 250 new outlets opened last year across the country.
The company is undertaking an aggressive growth strategy in line with its commitment to providing accessible and quality petroleum products to Nigerians, according to a report by Peoples Daily. Suresh Kumar, Managing Director of NIPCO Gas, emphasized that the addition of these stations for white oil products, including petrol and diesel, represents an unprecedented achievement in the history of Nigeria’s downstream sector.
Kumar noted that this expansion is a testament to NIPCO’s dedication to strengthening its market presence and distribution network nationwide.
"The acquisition of over 250 branded outlets for white products and Liquefied Petroleum Gas is a remarkable milestone for NIPCO Plc," stated Kumar during the company’s 2023 Annual General Meeting. He further explained that this strategic move would significantly enhance the firm’s ability to serve its customers more effectively and solidify its position in the Nigerian market.
Looking ahead to 2024, Kumar expressed confidence in the company's continued growth, attributing its success to NIPCO’s business models and sound operational practices that have driven its business fundamentals for nearly two decades.
