AP Commits To Sustainable Growth Through Solar, Gas Investment

Ardova Plc (AP) has restated its commitment in leading the charge towards a multi-energy future in Nigeria, positioning itself to address the country’s diverse energy needs while prioritizing sustainability and environmental responsibility.

The managing director of AP, Moshood Olajide stated this at the Company’s 60th anniversary media parley held in Lagos with the theme ‘60 Years of Energising Progress With Endless Possibilities’.

Olajide outlined the Company’s Ardova’s commitment to energy transition, acknowledging the growing global shift towards cleaner, more efficient energy solutions, saying that the company’s intent to be a key player in Nigeria’s energy transition.

He explained that the company is blending solar, gas, diesel, and petrol in a strategic plan that aims to navigate future disruptions in the energy market.

On Ardova’s 60th anniversary celebration, Olajide stated 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.

Olajide emphasized the increasing pressure on businesses to mitigate their environmental impact, particularly in light of climate change and pollution concerns.

He also noted that the country’s abundant sunshine makes solar energy particularly promising, especially in the northern regions.

Olajide said that “considering the enormous investment put into technology and other aspect of the business, they expect to see enhanced efficiency in its operations and profitability.

“We project into the future that our performance will improve, even in the coming years. From our revenue perspective, from the volume delivered to the market, and the net return perspective.”

Chief strategy officer of the Company, Abdul-Hakeem Buhari noted that Ardova Renewables is set to collaborate with commercial and industrial clients to provide industrial-level grid connections, thus ensuring a diverse energy portfolio, saying that “Ardova embodies a vision where energy innovation meets economic empowerment.”

Founded as British Petroleum Nigeria in 1964, Ardova Plc has evolved through decades of strategic reinvention, transitioning from African Petroleum to Forte Oil and now Ardova Plc.

The Company is a leading indigenous player in the downstream Oil, Gas, and integrated Energy sector. With a network of over 450 stations spread across the six geographical zones of Nigeria, the company specializes in the procurement and distribution of Premium Motor Spirit (PMS), Dual Purpose Kerosene (DPK), Diesel (AGO) and Liquefied Natural Gas (LPG).