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Nigeria’s need for cleaner and more efficient alternatives to traditional fuels has grown as its population has expanded. Energy consumption across the country has soared, even as concerns about the negative effects of the fuels used to satisfy domestic and industrial energy needs across the world increases.

Banner Energy, an energy and power business development, and management company, has come up with what may be a model for solving the problem of a shortage of clean and efficient energy. It advocates the replacement of such widely used but less safe fuels like kerosene, firewood, charcoal and sawdust, with a more efficient and effective alternative- Liquefied Petroleum Gas (LPG). In this vein, Banner Energy has unveiled the BannerGas Franchise Retailers Scheme, which is aimed at building a proper delivery network for gas. This scheme, according to the company’s executives, would help to improve the delivery of gas to consumers. It would also lead to the creation of jobs for Nigerians who would be involved in the legal distribution of gas for various purposes. The company also launched the AutoGas Conversion Scheme, intended by its initiators to promote LPG as a viable alternative to Premium Motor Spirit (PMS) for powering vehicles in the country.

Banner Energy’s double-pronged approach to increasing the use of clean and affordable energy sources was unveiled at the Franchise Dealers Conference which took place on Thursday, September 29, at the Homegate Resort in Lekki, Lagos. In his welcome address, Nuhu Yakubu, the company’s CEO, said that the launch “sounds a welcome relief in response to the positive direction for the energy policy of the Federal Government”.  He also said that the workshop had made it possible for the company to share information with gas dealers pertaining to opportunities made available by BannerGas.

“We have been able to share with the dealers insights into the opportunities being created by BannerGas across the LPG value chain, from LPG bulk and retail trading, for purposes of autogas transportation off/on power grid generation, petrochemicals, agriculture, and many more, with the attendant socio-economic benefits to the economy”, he explained.

Apart from the home delivery of LPG which the scheme makes possible, it also provides for payments to BannerGas for gas supplied through convenient sales collection packages such as MPOS and Access Bank’s PayWithCapture application.

Referring to the Franchise Dealers Conference at which the new scheme was introduced, Mr. Ade Makinde, Banner Energy’s Head of Operations, said that it had been convened as part of the company’s drive to promote a wider range of applications for LPG in Nigeria, as well as improve the delivery of LPG to consumers across the country.

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This article was first published on 6th October 2016


Ikenna Nwachukwu holds a bachelor's degree in Economics from the University of Nigeria, Nsukka. He loves to look at the world through multiple lenses- economic, political, religious and philosophical- and to write about what he observes in a witty, yet reflective style.

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