Ardova Plc, a leading indigenous integrated energy company in Nigeria, has set a new benchmark in the lubricants market with the unveiling of its state-of-the-art lubricant oil blending plant (LOBP).
The new facility, located at the company’s terminal in Lagos, boasts a production capacity of 150 million litres per annum and a storage capacity of 14 million litres.
The unveiling of the LOBP was announced at the “AP Lubricant Distributors’ Forum” held at the company’s terminal in Lagos.
The event brought together Ardova’s lubricant distributors from across the country, who were given a tour of the new facility.
In his welcome address, Ardova Plc’s Executive Chairman, AbdulWasiu Sowami, shared insights into the decision to build a new blending plant instead of upgrading its existing facility.
“Three years ago, we realised that to accomplish our goal of adequately meeting the Nigerian market lubricant demand, we needed to transform our lubricant plant to a state-of-the-art Lubricant Blending Oil Plant that will represent our commitment to innovation and excellence,” he said.
Sowami concluded his welcome speech by thanking the distributors for their loyalty and patience during the construction period, noting the supply challenges faced by the distributors during the period.
The Managing Director of Ardova Plc, Moshood Olajide, added that the LOBP is equipped to ensure robust inventory management, significantly reducing the risk of stockouts.
“This facility is future-proof, allowing us to produce more, store more, and ensure our distributors have seamless access to our products,” he said.
To reward and empower its distributors, Ardova introduced a reward scheme for top-performing partners, alongside other incentives.
The company has also enhanced logistics with a dedicated fleet of lubricant trucks and improved payment systems for seamless transactions. Products now feature unique IDs for tracking and market protection.
Olajide emphasized the company’s commitment to collaboration, saying, “Our distributors are not just partners; they are the backbone of our business.
“We are working to ensure their profitability through financial and non-financial incentives, marketing support, and consistent product availability.”
With the capacity to produce 20% of Nigeria’s total lubricant demand, Ardova is positioned to drive growth and innovation in the downstream oil and gas sector.
“This plant is a testament to our commitment to meet market demands and grow alongside our partners,” said Sowami.
Ardova Plc remains dedicated to delivering excellence as one of Nigeria’s leading integrated energy companies, driving progress in the lubricants market and beyond.
The unveiling of the LOBP is a significant milestone in Ardova’s journey to become a leading player in the lubricants market.
The company’s commitment to innovation, excellence, and collaboration with its distributors is expected to drive growth and profitability for all stakeholders.
As the lubricants market continues to evolve, Ardova is well-positioned to meet the changing demands of its customers. With its state-of-the-art LOBP, the company is set to drive growth and innovation in the downstream oil and gas sector.
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