Transporters and other operators in Nigeria will soon begin to record good returns on their investments as opportunities presents itself in the commercial logistics businesses. The event was the historic launching of the first assembled in Nigeria dual fuel assembled natural gas-powered OMAA range of buses inside an expansive Kojo Motors assembly located at Igbo-Ukwu, Anambra state. They can be used as economical passenger buses, cargo vans for farm produce transportation, ambulances for critical life care, logistics van for the burgeoning ecommerce, utility vehicles, and for various needs of SMEs.
Speaking at the event, Chinedu Oguegbu, managing director of OMAA Motors recalled that like what he has been sharing in the past in any forum, that, ‘’What we are rolling out today is the beginning of a trend that will that will revolutionize not just the transportation industry, but the energy industry in Africa, by transforming the way we utilise the abundant energy resources available to us, namely natural gas’’.
Business AM’s checks at the event shows that, not only that OMAA is opening the technology space as an a novel automotive company, but most importantly, the energy starty-up company is launching the gas-powered buses using 100% Nigerian talent.
According to Chinedu Oguegbu, managing director and chief executive of OMAA Global said, ‘’We have hundreds of technical partners to ensure we introduce world class products, but everything here was executed by local home-grown talents that are entirely Nigerian youths. I am probably the one of the oldest chaps here if not the oldest’’.
‘’OMAA is an energy start-up with a mission to energize your life; be it work or play, residential or commercial. SME or global or multinational What do we stand for? We want to empower Africa, care for the environment and develop people’’.
Our vehicles are adapted to Nigerian roads, rugged and can withstand the rough terrain of Nigerian roads. And most importantly, it runs on compressed natural gas (CNG) that is also available in Nigeria and several times better compared with crude oil.
According to Chinedu Oguegbu, ‘’For many years, Nigeria have been flaring this valuable source of energy while importing refined petroleum products that’s heavily subsidized at the expense of government investing in education, health care and infrastructure. Our efforts today and the sustained drive in accelerating gas utilization will change this narrative. More investments in it would drive increased consumption. This means that energy prices would go down’’.
Beaming searchlight on some of the economics of using the conventional premium motor spirit (petrol) and gas, Chinedu Oguegbu said that, gas is a more affordable source of energy.
‘’Take the OMAA H Series running on CNG that we are unveiling today, on the pump price alone, there is almost 30-40% cost saving. For most fleet operators fuel cost is the largest operating expense. Imagine how this would translate to cost of transport or total cost of doing business across the value chain’’. He pointed out.
The OMAA helmsman said from his findings as corroborated my available research, gas is also cleaner, with over 90% reduction in knocks, CO2, particulate matter. This means that we build healthier and more sustainable communities as we grow.
As he put it, the impact is huge and very timely, and it is one that touches every single Nigerian. We are proud to show case our completed state-of-the-art assembly plant todat equipped with modern assembly tools and passionate human capital as we strive to make a difference in producing natural gas-powered buses.
The OMAA range of buses assembly plants that available in different engine specifications are currently running semi knocked down (SKD). Later in the year, the company plans to break ground for the completely knocked down (CKD) factory that would not only assemble localized components. The plant will also work to raise the skill of the people as well as contribute to the automotive cluster not just in Nnewi but also across the Country. The network of micro-factories, located closest to the markets it serve means that that OMAA can continue to contribute immensely within its immediate locality.
Optimistic about what the future holds, The company chief described the commencement of OMAA gas-powered buses assembly in Anambra state as an economic flywheel that is very critical as well as an enabler in the value chain because that’s the way to spur growth as the continent industrializes, creating jobs, supporting local supply chain.
He congratulated the efforts of the federal ministry of petroleum resources and minister of state of petroleum resources especially for declaring 2020 as the ‘Year of Gas’. ‘’They are driving the required changes in the sector to create a market -driven gas economy. These are part of the commitments that President Muhamadu Buhari’s administration is making in developing Nigeria’s huge gas resources and diversifying the economy away from oil.
‘’Our goal is to be the energy platform that powers Africa’s economic transformation. That is why our slogan is “energize for life”. Our plans are beyond Nigeria. AFCTA is already in force since January 2021 creating one of the largest market in the world. I hope success locally will be replicated across the continent. This huge commercial and social opportunity would definitely influence millions of lives. Let us all contribute our quota to build a better future for Africa’’. The OMAA Motors chief executive concluded.
Present at the important event are MM Ibrahim, chairman of the National Gas Expansion Programme (NGEP), Ishaku Abner, technical adviser to the minister of state for petroleum, Pat Igwebuike, special adviser on legal matters to the executive governor of Anambra state, and the chief host, Ikenna Oguegbu, chairman/managing director, Kojo Motors.
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