Ardova Plc has positioned to drive growth and innovation in the downstream oil and gas sector as the company unveiled its state-of-the-art lubricant oil blending plant (LOBP).
Executive Chairman, Ardova Plc, AbdulWasiu Sowami, said with the capacity to produce 20 per cent of Nigeria’s total lubricant demand, Ardova’s new lubricant is a testament to its commitment to meet market demands and grow alongside its partners.
According to him, with a production capacity of 150 million litres per annum and a storage capacity of 14 million litres, the new facility is designed to meet the evolving demands of the Nigerian market while ensuring consistent supply across all product lines.
He spoke at the “AP Lubricant Distributors’ Forum” held at the company’s terminal in Lagos, where Ardova also introduced several initiatives aimed at strengthening its partnership with distributors, after a tour of the facility.
Sowami shared insights into the decision to build a new blending plant instead of upgrading its existing facility.
He said: “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 state- of- the art lubricant blending oil plant that will represent our commitment to innovation and excellence and our vision is to lead the lubricants market”.
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He commended the distributors for their loyalty and patience during the construction period, noting the supply challenges faced by the distributors during the period.
Managing Director, Ardova Plc, Moshood Olajide, said the new lubricant plant was 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,” Olajide 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 emphasised 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.”
He assured that Ardova remains dedicated to delivering excellence as one of Nigeria’s leading integrated energy companies, driving progress in the lubricants market and beyond.