Total Promises to Grow Business, Market Share in Nigeria

Total Nigeria Plc has restated its commitment to growing its business in Nigeria in particular and Africa at large. The Chairman of Total Nigeria Mr. Stanislas Mittelman stated this at the 2016 annual general meeting (AGM) in Lagos.

According to him, the company has no intention to withdraw it business from Nigeria or Africa, explaining that Africa and France constitute Total’s core business activities especially the downstream business.

He therefore, assured stakeholders that the company would continue to invest in the Nigeria and African businesses to grow its market share and boost profitability.

“Some international competitors made strong choices years ago to withdraw from Nigeria for most of them to raise loan from Africa. As far as Total is concerned, we made an opposite strategy, we keep investing in Africa. Today Africa is, of course with France, a core of our business especially the downstream business. Our ambition is not to withdraw or divest but to grow with all our strength.

Mittelman disclosed that the company is presently developing its solar business with ambition to cover all the different parts of solar business.

“We are selling Awango lamps to individual customers we have sold more than 300,000 lamps in the last two years. We target at reaching 400,000 lamps at the end of 2017. We are also looking at developing solar into a big business, helping our industrial customers to develop solar solutions hybrid together with their existing power generation system either electricity system or generator, we are identified that as a major act of development of our business,” he said.

Mittelman informed the shareholders that the company would continue to invest in its lubricant facilities as well as improve the depots and logistics. Although he said 2017 would be a challenging year, he assured them the company would continue to grow in all indices for enhanced shareholders’ value and improve its customer service delivery.