A Review of the Nigerian Energy Industry

Oando inaugurates multi-million dollar road project in Apapa

13 October 2015, Lagos – Oando Marketing Plc has inaugurated a multi-million dollar project to ease access to its Apapa depots and alleviate the sufferings of motorists and other road users in the area.

Oando Oil's Managing Director Wale Tinubu.
Mr Wale Tinubu, CEO, Oando Plc

Speaking at the recent inauguration of the project, the Chief Executive Officer of Oando Marketing Plc, Mr. Abayomi Awoboku said Apapa had been very hospitable to Oando since the company’s terminal was built almost 50 years ago.

“Two years ago, we decided to move back to Apapa, because it is where we started from. Apapa, over the years has suffered from neglect, but today we have taken the lead to restore Apapa to her lost glory. We want to continue doing business in Apapa, because we believe Apapa is our home. We have invested close to a billionaire in the last 12 months, before then we invested another billion. This road and the mashing yard will cost us $3million. In the next three months, we will be inaugurating the company’s jet which has cost us close to $150,000,000. This jetty will ensure that businesses are done here without degrading the infrastructure,” he explained.

He said the company’s investment in Apapa would create more jobs and improve the welfare of the community.

“We are committed to empowering the local communities we reside in; we train up to 3,000 men who are aspiring to become drivers. We also partner with some paint companies to train men and women who want to become painters and designers. As long as Oando remains here we will continue to give back,” he said..

“I want to appreciate the Baale of Marine Beach. Baale your influence and support has made us very comfortable and we are grateful. This is a military installation. Oil facilities over the world are security installations and we appreciate the work of the Nigeria military, and the Nigeria Navy for their efforts towards the protection of our facility,” he added.

Awobokun also commended the Nigeria Railway Corporation (NRC), stressing that fuel logistics in Nigeria can be done by rail and that his company is working with the NRC to make that happen.

Also speaking, the Chief Operating Officer (COO), Oando Marketing, Mrs. Olakposi Williams stated that the road and the mashing yard cost the company $3million.

“We are not stopping at these two projects. This is our community; Oando market, tank farm and operational base is here in Apapa. We will continue to give back to the community and we recently had a meeting with the stakeholders. The aim is to find out what are the challenges and issues in the community. As part of our development drive, we have helped most of the students in the college, while some were employed in our farms. For the congested mobil road in Apapa, we regularly meet with the state government to discuss way forward to address the issue of traffic congestion,” she explained.

“We cannot do it alone, we will continue to play our role in supporting and find out what are the different strategies we can put in place to help the community. Total and Honeywell have supported us in the past. They are part of the stakeholders’ management meeting because their trucks park on the road as well. Therefore, it is collaboration; it is not Oando doing it alone; NNPC also partners with us as well. But we have just taken the initiative to do the road,” she added.

According to her, the company current has 80 trucks on the road, and wants to expand to 90 trucks.

“We will continue to build more retail outlets, grow our distribution of white products and with that we have 10 per cent. We meet with the government regularly; our CEO is always in Abuja. We met with the NNPC GMD and the think-tank in the government. We will continue to import, and dialogue with the government. We are hopeful and we aim to support the government to turn it around,” she added.

She added that the company’s mighty jetty is in the deep water towards Marine Beach area.

“It is just to reduce the congestion that we have in the jetty. It is also to reduce the demurrage and create capacity. Therefore that jetty can bring a mother vessel which is about 30,000 tonnes. The current jetty we are operating is about 25,000 to 22,000 tonnes, so it is to increase capacity, reduce demurrage cost and improve efficiency. We are also getting our friends such as Mobil, Total and Oando to collaborate with us and use the jetty,” Williams explained.

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