By Lucy Ogalue
Abuja, Oct 30, 2024 (NAN) The Road Transport Employers Association of Nigeria (RTEAN) has unveiled a high- quality engine oil that meets the demands of vehicles powered by petrol, diesel and Compressed Natural Gas (CNG).
The RTEAN President, Dr Musa Maitakobi, said this at the inauguration of the oil which was done in partnership with Equatorial Petroleum Coastal and Process Limited on Wednesday in Abuja.
Maitakobi, represented by RTEAN Deputy Presidentof Administration, Muhammad Bishara, said that the project would support the Federal Government’s initiative of moving from petrol to CNG vehicles.
He said that the move would also promote local manufacturing and create employment opportunities for RTEAN members and the Nigerian youth.
“We control the economy of the country, transporting goods and services from different parts of the country. So rather than patronising other people’s products, we decided to have our own.
“The RTEAN Branded engine oil is not just a product but represents the unwavering commitment of members to quality and performance.
“It is designed and crafted with the latest technology, backed by rigorous testing and engineered to surpass industry standards,” he said.
According to the RTEAN boss, the oil is built to protect engines, enhance performance, and contribute to a more sustainable future for CNG vehicles.
“As we unveil this product today, we celebrate the values that unite us-integrity, innovation, and a relentless pursuit of excellence.
” I am confident that it will be a game-changer in the market, especially in greener energy age as it not only meets the needs of our customers, but also reflects our vision of a greener, more efficient world,” he said.
Responding, Dr Abdulrasheed Yerima, Chief Executive Officer of Equatorial Petroleum Coastal and Process Limited, restated the importance of quality oil for CNG, and other vehicles in Nigeria.
“Most engine oils are not optimised for CNG engines, making this development essential for the evolving transport sector.
“The oil, priced at N4,700 per liter and N18,000 for a four-liter container, is positioned to be affordable while maintaining high quality.
“Our partnership with the transport sector leaders will allow us to offer this product at a competitive price, benefiting both operators and consumers.
“In addition to enhancing vehicle performance, the initiative aligns with the Federal Government’s push towards greener energy solutions, contributing to reduced carbon emissions from transport activities,” Yerima said.
He said that the product would be available in all RTEAN parks across the country, allowing easy access for transport operators and promoting the use of locally made lubricants.
He said that the initiative reflected a broader vision to empower Nigerian youths and expand investment opportunities within the sector. (NAN)(www.nannews.ng)
