Business
AP Introduces Low-Cost Fibre Synthetic Cylinder
African Petroleum Plc has introduced a new low cost fibre synthetic cylinder to help reduce the cost of cooking gas incurred in homes.
The Chief Operating Officer of the company, Mr. Tunde Falasinnu, stated this recently in Lagos while explaining efforts made by AP to ameliorate the suffering associated with getting LPG products.
Falasinnu noted that the company has imported about 2000 fibre synthetic cylinders for the first phase of the scheme to distribute cooking gas among Nigerians at a reduced cost.
The CDO said the major problem with gas in the country is distribution because the nation has a lot of gass. “The first problem is the supply problem. We have a lot of gas but we cannot bring it out to the consumers. This needs government policy, which I think government is addressing but if we are going to import gas it will be far beyond what the ordinary Nigerian can afford.”
To address the issue of cost, he stated: “On the issue of cylinder, which makes it more difficult, AP has gone further to import 2000 fibre synthetic cylinders for the sales of gas in the country.”
He said this is another giant step by AP to reduce the suffering Nigerians are facing, similar to the N50 per litre sales of kerosene at all AP Stations throughout the federation while other marketers are still selling are N90.
He noted that the company is investing heavily in human capacity development, which is paying off in the seamless production exercise.
“The success of this company,” he said “Is based on human capital, and when I talk of human capital it starts from the leader. The leader today is Mr. Femi Otedola, who is the chairman of the board. We have the likes of Osa Osunde and Stanley Lawson.
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