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40% capacity can meet local lube consumption

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By Sebastine Obasi

Stakeholders in the oil industry said that the total installed capacity of the lube plants in Nigeria currently operating at about 40 percent can meet the local consumption, with the potential to export and earn foreign exchange for the country.

A fully loaded truck in one of the inland dry ports in the sub-region, will be delayed, harassed for bribes by the numerous security agents along the region’s transport corridor before it gets to its destination.

They also urged motorists to shun sub-standard lubricants, to ensure longer life span for their vehicles.

Speaking at the pre-conference event to herald the second Nigeria Lubricant Summit, the Principal Partner, Lubeservices Associates, Mr. Kayode Sote, said: “It is imperative for Nigerians to be aware of the quality of Lubricants that are used in their cars and machinery”.

Sote, who is the technical consultant to the Summit, stressed the need to draw attention to the nation’s lubricant quality and the challenges facing the industry. According to him, a large number of Nigerians usually use improper roadside lubricants that do not go through testing, which sometimes affect their equipment or vehicles.

“The imperatives of the technical and commercial challenges of the Nigerian lubricants market informed the need to organize this year’s Conference and Exhibition on lubricants’ quality, their sustainability, compliance and enforcement in line with the research and development in base oils, additive technology and techno – economic dynamics of engine designs in general,” he said.

Also speaking, the Managing Director, Lubcon Limited, Mr Taiye Williams, reiterated the need to sanitise the Nigerian lubricant sub-sector for growth in the oil and gas industry. “For us at Lubcon, we have invested a lot on testing lubricants in laboratories to ensure that the quality we are preaching is what Nigerians get,” he said.

The 2nd Nigerian Lubricants Summit is scheduled to hold from November 24 to November 26, 2015 in Lagos.

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