The Nigerian National Petroleum Corporation (NNPC) has announced plan to build more depots to ease products supply and distribution in the country.
The NNPC Spokesman, Mr Ndu Ughamadu said the the NNPC Group Managing Director, Dr Maikanti Baru, made the disclosure in Abuja while inaugurating the board of one of its downstream companies, NNPC Retail limited.
Dr. Baru called on members of the board to expand the company’s market share from 13 per cent to 30 per cent, saying that building more depots by the corporation was more feasible than acquiring dormant ones.
He said: “for its strong intervention to wet (supply) the market at a time when other downstream players were playing underhand games to create artificial scarcity. By mid-2019, you should be having plans to go into the sub-region, this board should propel NNPC Retail into a new height.”
