The Road Transport Employers Association of Nigeria (RTEAN), has launched a high-quality, locally-produced engine oil on Friday, designed for vehicles running on petrol, diesel, and Compressed Natural Gas (CNG).
The firm also said the innovation would mark a significant step towards reducing Nigeria’s reliance on imported lubricants, while offering a cost-effective solution amidst fuel price hikes.
The RTEAN President, Dr. Musa Maitakobi, speaking at the launch event held in partnership with Equatorial Petroleum Coastal and Process Limited in Abuja, noted that the initiative aligns with the Federal Government’s push to transition from petrol to CNG-powered vehicles.
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Maitakobi was represented by RTEAN Deputy President Of Administration, Muhammad Bishara, who highlighted that this locally branded engine oil supports local manufacturing and aims to create employment opportunities for Nigerian youth, especially within the transport sector.
He said that the move would also promote local manufacturing and create employment opportunities for RTEAN members and the Nigerian youth.
He said: “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.”
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 the greener energy age as it not only meets the needs of our customers, but also reflects our vision of a greener, more efficient world.”
In his remarks, 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.
Yerima said: “Most engine oils are not optimized 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.”
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.