Image: This Day Live
Enyo Retail and Supply has kicked off its project to invest in 20 liquefied petroleum gas (LPG) plants in Nigeria.
The project is aimed at increasing the usage of gas in the country while providing a cleaner and safer energy source. In its statement, the company said that “the expansion agenda is in line with the Federal Government’s initiative to deepen the consumption of gas in Nigeria.”
Alongside its investment in LPG plants, the company also plans to invest in initiatives such as the launching of its first autogas filling station (LPG as a transport fuel). Abayomi Awobokun, CEO, said: “Following the Federal Government’s declaration of 2020 as the Year of Gas, Enyo is thrilled to be championing the transition towards cleaner energy, and making efforts to intensifying domestic gas penetration and adoption in Nigeria.”
Awobokun said that Enyo is planning to invest in the 20 LPG plants over the next two to three years, and that the company expects its first autogas station to open in five to six months’ time. LPG as a transport fuel will be a growth area for the company. Enyo Sales and Marketing Lead Habiba Abubakar said: “We have already identified sites for our autogas points, and an approach has been mapped out to ensure that these points become operational soon.”