BY GABRIEL ESEZOBOR— Poised to address the country’s diverse energy needs, Ardova Plc said the the Company is committed to energy transition.
Moshood Olajide, Managing Director/CEO of the company disclosed this at the company’s 60th anniversary media parley in Lagos, acknowledging the growing global shift towards cleaner, more efficient energy solutions.
He noted that while energy transition in Nigeria is expected to take longer due to the need for a ‘just transition,’ the country’s abundant sunshine makes solar energy particularly promising, especially in the northern regions.
“This shift is essential in addressing the visible effects of climate change in Nigeria, including floods and changing rainfall patterns.”
He stated that the customer-centricity and sustainability as twin pillars of the company’s strategy.
“We are not just in the business of energy; we are in the business of empowerment,” he said.
Also, the Chief Strategy Officer, Abdul Hakeem Buhari, said
“As a business, we believe fundamentally in energy transition. And you know why? Because it would be stupid of a business of our scale to pretend like we don’t understand the impact of businesses on the environment; and how there’s been a global shift away from polluting the environment or making the environment unlikely to be available for our children.
“And we’re already seeing the impact. You can see the floods that are happening in Nigeria. You can see the altered rain patterns and things that are happening. This is the period, maybe like a month or two ago, we should have had a lot of food in the market.”
“We are the only downstream energy company with a full slate of products in the market and will continue to solidify its position in the industry. We will continue to scale and prioritize delivering excellent service to our customers (internal and external).”
On Enyo Acquisition he said “another option we had was to acquire a bucket of stations in a transaction. And that’s what led to the Enyo Acquisition. It was to consolidate our market share in the downstream oil and gas business. We own 100 percent stake in Enyo.
“Enyo Retail Services Limited is a wholly owned subsidiary of Ardova Plc. As part of our future, Enyo will be a significant part of that. The stations will remain under the control of Ardova Plc as it is currently.
“The reputation that people have had to associate with Enyo and Ardova, we hope to take the best of the two reputations and project that into the future in terms of our retail chain. Enyo, the stations, the sites, the services, the customer loyalty that you have with Enyo will remain a part of our future, because life begins at 60.”
