CAPITAL OIL LAUNCHES ULTRA MODERN TRUCK PARK FACILITIES

CAPITAL OIL LAUNCHES ULTRA MODERN TRUCK PARK FACILITIES
The Ifeanyi Patrick Uba-led Capital Oil recently berth an ultra modern truck park facilities, which is meant to decongest the heavy traffic on the busy Oshodi-Apapa Expressway in Lagos. The event, which was attended by the Honourable Minister of Works and Housing, Sanusi Daggash, Minister for State for Works, and many other dignitaries was used to unveil the facilities that has over 400 haulage trucks, NNPC fleet/haulage management operations among others to ease the industrial area of Apapa that houses many blue chip companies and clustered with more than 18 major indigenous oil and gas marketers with each owing a depot along the axis with major concentration at Ibafon.
Speaking at the event, the Works and Housing Minister said that the project is one of its kinds in Africa as a whole. “This is a laudable project from an individual. It’s a simple way to tell the citizens that they don’t really need to wait for the government to actualize their dreams. The Nigerian government is interested in private sector initiative and we will always give our support in all ways,” the minister said.
The Capital Oil boss said that the park is not just what the company is ready to showcase, but that there are others in places like Enugu, Katsina, Kano and most especially in Abuja, which he said is situated on 11 hectares of land in Suleja, all to help the Federal Government in developing our economy. “The kind of facilities here today can give 5 million liters of petroleum in a day. All these might not really work well without good roads, that’s why we need the support of the government, both the state and federal, to support this landmark achievement of ours,” he said.
“It is the desire of all stakeholders that Apapa-Oshodi and Oshodi Apapa expressway are decongested of trucks that park on the highways to ameliorate the suffering of the teeming road users. Consequently, we have held meetings with various stakeholders like NARTO, NUPENG, LASTMA and the Federal Ministry of Works to use our ultra modern truck park facility to provide lasting solution to the menace. To this end, we believe that the visits of the honorable minister will no doubt fast track the realization of this dream,” Ifeanyi concluded.
Capital Oil, which was incorporated in 2001, but commenced operations in 2003 following the deregulation of the downstream sector of the oil and gas industry by the Federal Government of Nigeria, had contributed to the economy with its facilities that include six ocean going vessel, four finger jetty with capacity to berth four vessels at once. It has petroleum product storage capacity of 174.5million, sophisticated 22 loading gantries with load out capacity of 55million litres per day, ultra modern truck park facility capable of holding 1,100 trucks at a time among others. The company is actively involved in marketing and distribution of quality petroleum products. In addition to wholesale at its Ibafon depot, it engages in retailing of petroleum products and with the ambition to erect over 180 stations within the next there years covering the whole country.
On Corporate Social Responsibilities (CSR), the company has donated buses to government agencies, N20 million to the Lagos State Security Trust Funds, donation of $30,000 to victims of the recent earthquake in China and constructed many roads both in Lagos and eastern part of the country.