Ardova Plc, a leading Nigerian energy company, has launched a cutting-edge lubricant blending plant designed to produce 150 million litres of lubricants annually. The facility, located at its Lagos terminal, also boasts a 14 million-litre storage capacity, positioning Ardova to meet a significant portion of the country’s lubricant demand.
The announcement came during the AP Lubricant Distributors’ Forum, where the company unveiled new strategies to strengthen partnerships with distributors.
Commitment to Innovation and Market Needs
AbdulWasiu Sowami, Executive Chairman of Ardova Plc, explained that the decision to build a new plant instead of upgrading the existing facility was driven by the need to meet evolving market demands. “This plant allows us to produce 20% of Nigeria’s total lubricant needs, reflecting our commitment to innovation and customer satisfaction,” Sowami stated.
Enhancing Supply Chain Efficiency
Moshood Olajide, Managing Director of Ardova, highlighted that the new plant features robust inventory management systems to prevent stockouts. Ardova has also introduced a dedicated fleet of lubricant trucks and improved payment systems, ensuring seamless transactions and timely deliveries. Additionally, a reward scheme for distributors aims to foster stronger business relationships.
From Forte Oil to Market Leadership
Ardova, previously known as Forte Oil, transitioned under Sowami’s leadership after acquiring the company from Femi Otedola. This strategic move has enabled Ardova to expand its market presence and strengthen its position as a top player in Nigeria’s oil and gas sector.
The launch of this state-of-the-art blending plant signifies Ardova’s dedication to driving growth and supporting Nigeria’s energy sector. With its advanced capabilities, the company is poised to meet growing consumer needs and contribute to the nation’s economic development.
