Oil firm expands operations to Abuja

ADEKAZ Oil Nigeria Limited has announced the expansion of its operations to the Federal Capital Territory, Abuja, saying the move marks a major milestone in its five-year journey in the nation’s petroleum products market.

In a statement issued by the company, its founder and Chief Executive Officer, Adedamola Ademola, highlighted key achievements recorded since the firm commenced operations.

Ademola, who said he was exposed early to the oil and lubricants trade through his family business, said the foundation he gained growing up prepared him for the sector long before he completed university and the National Youth Service Corps.

According to him, ADEKAZ Oil has grown from a single outlet into a broader distribution network supplying refined petroleum products, including engine oil, gear oil, vehicle lubricants, and spare parts, to both wholesale and retail customers.

He described the firm’s growth as the outcome of “consistent operations and increased market demand,” noting that the expansion into Abuja is a strategic step in strengthening the company’s footprint in the northern market.

The statement added that the forthcoming launch of the Abuja branch would enhance distribution efficiency at a time when businesses are grappling with economic headwinds.

“Sustaining operations in the downstream segment requires navigating inflation, changing policies, multiple taxation, and currency volatility,” Ademola said.

Despite these pressures, he maintained that ADEKAZ Oil has remained stable and continues to meet customer needs across its service locations.

Looking ahead, the CEO said the company aims to further expand its distribution capacity, reinforce its supply chains, and improve service delivery as it enters its next phase of growth.