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Rainoil unveils expansion plan

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Rainoil Limited, an integrated oil and gas company, has unveiled plans to intensify its expansion agenda, in the retail sector by improving market access and increasing presence in many States in the country.

Making official announcements via its social media handles, the company stated that it expanded its market to Gombe State with the commissioning of two retail stations in May, and in Kwara State with the commissioning of a retail station in the capital city of Ilorin last week.

Just a day before commissioning its station in Ilorin, the company also commissioned a station in Eket, Akwa-Ibom State, its third station in the state.

According to the firm, the concurrent expansion of retail spaces is in line with the company’s aggressive retail roll-out agenda, even as it plans to commission its multi-product depot at Ijegun, Lagos.

The company also announced that with its entry into Gombe and Kwara states, it now operates in 17 states across Nigeria; with immediate plans to expand further into more states.

The company expressed its satisfaction with its investments in these states, with hopes that they would drive commercial activity which will, in turn, generate revenue and see indigenous members of the community provided with jobs.

“Rainoil seeks to create superior value by increasing market access, driving socio-economic development and providing easy access to quality products to its loyal customer-base across the country.

“With plans to further expand within both states and across the country, Rainoil currently operates over 71 service stations across the country with substantial market share across the entire downstream value chain of logistics, bulk storage, shipping and retail”, a statement from the firm read in part.

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