Ardova: LPG Remains Nigeria’s Hidden Catalyst for Economic Renaissance
Kayode Tokede
Ardova Plc management, yesterday unveiled its transformative vision, underscoring the vital role of Liquefied Petroleum Gas (LPG) in shaping the nation’s economy future.
The company has emerged as a pivotal player in Nigeria’s drive for sustainable growth as it celebrates 60th anniversary under the evocative theme, “60 Years of Energizing Progress With Endless Possibilities.”
Chief Strategy Officer, Ardova, Mr. Abdul-Hakeem Buhari at a press conference in Lagos, articulated Ardova’s commitment to redefining value creation.
“Ardova embodies a vision where energy innovation meets economic empowerment,” he said.
At the heart of this vision is the company’s $500 million state-of-the-art terminal in Lagos, a feat that positions Ardova as a leader in West Africa’s energy infrastructure.
This facility, with a capacity to store 30 kilotons of LPG, meets 60per cent of Nigeria’s domestic demand, signaling an unprecedented opportunity to transform both industry and households.
Ardova’s investment in LPG infrastructure underscores its belief in gas as Nigeria’s bridge to a sustainable energy future.
With the nation embracing its “Decade of Gas” initiative, Ardova is poised to harness the potential of LPG to drive small business growth, enhance energy efficiency, and alleviate environmental challenges linked to traditional fuels.
The Managing Director, Ardova, Moshood Olajide, reinforced this vision, emphasising 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.
Highlighting Ardova’s diversification into renewable energy and solar solutions, he declared the company’s intent to be a key player in Nigeria’s energy transition.
Ardova’s ethos extends beyond profitability. The company is investing in solutions that address climate change and food security concerns, aiming to create a future where environmental responsibility and economic growth coexist.
“Its investments in renewable energy, alongside its commitment to reducing carbon footprints, exemplify this balanced approach.
The company’s 150-million-liter lubricant blending plant and its extensive network of over 700 retail touch points further demonstrate Ardova’s ability to meet domestic demand while catering to West Africa’s broader market needs. Additionally, Ardova’s jet fuel operations across Nigeria’s major airports position it as a linchpin in the country’s aviation industry,” he said.
In a rousing conclusion to Ardova’s anniversary celebration, Olajide declared that “Life begins at 60,” noting that this mantra encapsulates the company’s renewed vigour and long-term commitment to driving Nigeria’s economic development.
“With unparalleled investments, a focus on sustainability, and an unwavering dedication to customer satisfaction, Ardova is poised to lead Nigeria into a new era of energy-driven prosperity.
“As Nigeria grapples with the twin challenges of economic diversification and energy transition, Ardova stands as a beacon of possibility. Its investments in LPG and renewable energy mark a critical inflection point, offering a blueprint for how private enterprise can power national development while safeguarding the planet for future generations,” he said.
Founded as British Petroleum Nigeria in 1964, Ardova has evolved through decades of strategic reinvention, transitioning from African Petroleum to Forte Oil, and now Ardova Plc.
This journey is emblematic of Nigeria’s shifting energy landscape. With a storied past and forward-looking leadership, the company has not only adapted but thrived, becoming a cornerstone of the nation’s downstream oil and gas sector.
