Oando partners banks to encourage mass usage of gas

Oando Marketing Plc., Nigeria’s leading petroleum products retailer has signed a Memorandum of Understanding (MOU) with the National Association of Microfinance Banks (MFBs) with a view to making O-Gas, a cleaner and safer cooking fuel more accessible to Nigerians, especially low-income earners.
With this partnership, everyone can now indeed own the O-Gas 3-in-1 Cylinder by approaching any of the micro-finance banks with only N200 as an initial deposit and walk away with the complete set of portable 3kg O-Gas.
However, such buyers will be expected to make a N200 daily deposit with the any of the partnering micro finance banks for 30 days until they would have completed the payment cycle for the cylinder.
Commenting on the development in Lagos yesterday, the Company’s Head of MarketingCommunications, Mr. Seun Soyinka said “the new initiative is consistent with OMP’s plan to switch millions of Nigerians from the use of biomass to clean, efficient, affordable and sustainable LPG using Oando’s 3kg O-Gas, an integrated offering that comes with a cylinder, burner and gas”.
The agreement signed by the Chief Executive Officer of the company,              Mr. Abayomi Awobokun in conjunction with all the partnering micro-finance banks, held at the cossy ambience of Oando’s boardroom in Lagos.
The introduction of the portable 3KG O-Gas cylinder is aimed at addressing both issues of affordability and accessibility to LPG by the low income masses. This integrated offering also suits the purchasing power of this socio-economic group as customers can refill with any amount they can afford per time through the company’s Pay-As-U-Gas metering system or swap the cylinders for an outright refill at N800.
The O-Gas cooking stoves are directly available to end-users via the company’s existing vast network of over 500 retail stations and a growing network of authorized distributors.
Oando Marketing through the selected Microfinance Banks (MFBs) is developing a tertiary network of retailers that ensure that the 3kg O-Gas is available within 10 minutes of every end user. The mid-term objective is to roll out this initiative pan-Nigeria.
The benefits of this scheme include: provision of a cleaner and safe fuel option for lower income households, reduction of Indoor Air Pollution (IAP) that causes significant health problems, a decline in carbon emissions caused by dirty fuels, and a decrease in the rate of deforestation in Nigeria.


- The Citizen

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