Ardova To Distribute Shell Lubricant Brands In Nigeria
Ardova Plc said it has sealed a deal to act as the main distributor for Shell lubricants branded products for the automotive and industrial sectors in Nigeria later this year.
Olumide Adeosun, Chief Executive of Ardova Plc, who announced the deal in a statement on November 12, 2020, expressed delight at the possibilities, just as the chairman, AbdulWasiu Sowami, said the company seeks to provide customers with best-in-class products and services.
The deal, he continued, will build partnerships that optimize synergies and create value for all parties involved, stressing: This deal ticks all those boxes and we are excited to add the Shell range of lubricants to the portfolio of products available to our customers.”
Commenting on the deal also, Osagie Okunbor, Chairman of Shell companies in Nigeria said the deal “is a reinforcement of our commitment to continue to optimize our footprints in Nigeria while working with local companies for mutual benefits and to create opportunities for the people. Shell lubricants products will offer improved performance for automobiles across the country through Ardova’s chain of retail stations and resellers.”
Together with investments in marketing and workforce training, Ardova Plc said it also plans to deepen participation in other segments of the lubricant market in Nigeria, including transport and industrials, thus making it easier for customers to access Shell’s range of lubricants products.
The deal follows an earlier Memorandum of Understanding signed between Prudent Energy, Ardova Plc, and Shell Trading International Limited, which laid out an exploratory framework for harnessing the local and international capabilities of the respective parties including possibilities on how to progress opportunities intended to develop cleaner energy solutions.