CDN Oil parleys investors, sets to make entry into Kwara lubricants market
Nigeria’s fast growing lubricants and engine oil firm, CDN Oil and Lubricants Limited is set to make entry into Kwara State lubricants market as talks are ongoing with investors in the state for the distribution of its quality and efficient engine oil product.
Chairman and Chief Executive Officer, CDN Oil and Lubricants Limited, Dr. Chukwuka Daniel Nwokolo, who spoke to journalists after a meeting with a top investor in the state, said the expansion is in pursuance of the company’s vision of becoming the household name for engine oil and lubricants in Nigeria.
Nwokolo noted that the company also met with the member of the House of Representatives representing Ilorin East/Ilorin South Federal Constituency of Kwara State and Chairman, House Committee on National Planning and Economy Development, Hon. Dr. Abdulganiyu Cook Olododo to fine-tune strategies on the smooth and successful entrance of the product in the state’s lubricants market.
According to him, “The meeting today with Hon. Dr. Abdulganiyu Cook Olododo is in line with our company’s vision of expanding our product distribution channels across the country in a bid to becoming the best choice and leading marketer of engine oil and lubricants product in Nigeria, ensuring that our customers easily access our efficient, durable, quality and user-friendly CDN engine oil and lubricants.
“Hon. Olododo who is the Chairman, House Committee on National Planning and Economy Development is a fine businessman with wealth of experience in business management and investment and has agreed to partner with CDN Oil and Lubricants in ensuring that the product becomes a household name for all engine oil users in the state.
“We are excited about this partnership as we are confident that he will use his business network and experience to push the product across the state and showcase it in a way that represents how we are transforming the country’s lubricants industry and satisfying the desire of our customers.”
The 33-year-old CEO, who revealed the firm’s expansion strategy to be the leading engine oil and lubricants in Nigeria with numerous distribution channels spread across the country, expressed confidence on the firm’s outlook to sail through in the midst of competitive brands.
Recall that CDN Oil and Lubricants was recently projected on the list of top five (5) emerging firms to take over the Nigerian lubricants market in 2021, according to an independent market survey conducted by Flash Poller, an international pollster.
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