Monday, 25 November 2013


One of the leading petroleum product retailers in Nigerian, Oando Marketing Plc has signed a Memorandum of Understanding (MOU) with the National Association of Micro-finance Bank (MFBs) with a view of making O-Gas, a cleaner and safer cooking fuel more accessible to Nigerians, especially low-income earners.

With this partnership, the company believed that everyone can now indeed own the O-Gas 3-in-1 Cylinder by approaching any of the micro-finance banks with just #200 as an initial deposit to have the complete set of portable 3kg O-Gas.

However, such buyer is expected to make N200 daily deposit with the any of the partnering micro- finance banks for 30 days until the payment get completed for the cylinder.

Speaking on the development in Lagos recently, during a press briefing was the company's Head of Marketing Communication, Mr. Seun Soyinka, he 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 between the 2 companies was led by the Chief Executive Officer of the Oando, Mr. Abayomi Awobokun in conjunction with all the partnering micro-finance banks, and it took place at the Cozy 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 through the company's Pay-As-U-Gas metering system or swap the cylinder for an outright refill at N800.

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