Ardova Plc Celebrates 60 Years of Innovation and Leadership in Nigeria’s Energy Sector
By Vincent Dayo
Ardova Plc, one of Nigeria’s fastest-growing energy companies, has reaffirmed its commitment to innovation, sustainability, and retail expansion as it charts a course for a multi-energy future.
Speaking at the company’s 60th anniversary celebration, themed “60 Years of Energising Progress With Endless Possibilities,” the Chief Executive Officer, Mr. Moshood Olajide, highlighted Ardova’s role in reshaping Nigeria’s energy landscape.
“We are not just in the business of energy; we are in the business of empowerment,” Olajide said.
He emphasized the company’s twin pillars of sustainability and customer-centricity, adding that its diversification into renewable energy and solar solutions underpins its strategy for driving growth and progress in the energy sector.
The event, which was attended by key company executives, underscored Ardova’s achievements over six decades.
Present were Abdul-Hakeem Buhari, Chief Strategic Officer; Aniola Durosinmi-Etti, Non-Executive Director; Dr. AbdulWasiu Sowami, Executive Chairman; Aniola Babatunde-Ojo, Deputy Managing Director; and Mohammed Aminu-Umar, Non-Executive Director.
Milestones in Energy Infrastructure
A significant highlight of Ardova’s journey is its new lubricant oil blending plant in Lagos, with an annual production capacity of 150 million litres and a storage capacity of 14 million litres.
According to Olajide, this state-of-the-art facility reinforces Ardova’s position as a leader in energy infrastructure across West Africa.
Chief Strategic Officer Abdul-Hakeem Buhari further highlighted the company’s $500 million LPG terminal in Lagos.
With a storage capacity of 30 kilotons, the terminal is expected to meet 60% of Nigeria’s domestic LPG demand, supporting the nation’s “Decade of Gas” initiative.
“Ardova embodies a vision where energy innovation meets economic empowerment,” Buhari stated. He noted that the company’s bold investments would enhance energy efficiency, drive small business growth, and address environmental challenges associated with traditional fuels.
Financial Resilience and Future Outlook
Ardova’s financial strength remains a cornerstone of its success. At its 43rd Annual General Meeting in 2021, the company reported a 5.95% revenue growth to ₦192.47 billion, showcasing its ability to thrive in a competitive market.
Looking ahead, Olajide expressed optimism about Ardova’s future.
“As we celebrate 60 years of strength and resilience, we are determined to power Nigeria’s progress for decades to come,” he said.
With a renewed focus on innovation, sustainability, and community empowerment, Ardova Plc is poised to redefine its impact on Nigeria’s energy sector and lead the country into a future powered by multi-energy solutions.
