Mallam Musa Yahaya, the Group Executive Director of Business Development at Shafa Holding Limited, expressed his appreciation on Friday for the federal government’s approval of Executive Order Five, which has enabled the Armed Forces to enter into business partnerships with reputable indigenous businesses. He made this statement during the commissioning ceremonies of the Admiralty/Shafa Gas Plant and Admiralty Mart/Bakery, held at Navy Town in Ojo, Lagos,leadership reports.
Yahaya also expressed Shafa’s enthusiasm for partnering with the Nigerian Navy, stating, “I would like to thank the President of the Federal Republic of Nigeria for approving Executive Order Five, which has allowed the Armed Forces to engage in business collaborations with reputable indigenous businesses.”
Yahaya emphasized Shafa’s reputation for competitive pricing and the quality of their products, particularly their Liquefied Petroleum Gas (LPG). He emphasized that customers receive both the quantity and quality they pay for and highlighted Shafa’s commitment to working with the government to localize LPG production, potentially reducing prices in the future.
On the other hand, Vice Admiral Emmanuel Ogalla, the Chief of Naval Staff (CNS), noted that LPG is a vital commodity used by Nigerian Navy personnel for cooking and domestic purposes. He highlighted the need for safe and affordable LPG, especially given recent incidents of gas explosions caused by adulterated LPG.
The CNS proposed that Shafa Holding Limited consider hiring retired Nigerian Navy officers or their dependents for the management of their gas plant. He explained that the Admiralty Shafa Gas Plant was established to provide clean and affordable cooking gas to the barracks and the surrounding areas, with a focus on safety.
Ogalla elaborated on the business model of the LPG plant, a build-own-operate-and-transfer model, which allows the developer to build and operate the project within an agreed period while retaining land ownership. He praised Shafa Holding Limited for completing the project with safety, diligence, ethical compliance, and corporate responsibility.
Furthermore, the CNS highlighted the potential for job creation and the expansion of the commercial asset base of Admiralty Exchange Limited through this project. He expressed the Navy’s interest in continuing their partnership with Shafa Holding Limited and replicating the gas plant in other Nigerian Navy barracks across the country, including locations such as Calabar, Port-Harcourt, and Abuja.