Oando Marketing Plc has spent $400million to produce a wide range of lubricants. It also introduced a new lubricant for the automobile market.
At the unveiling of the synthetic lubricant, Oleum SYN, in Lagos, its Chief Operating Officer, Mrs. Williams Olaposi, said the product was introduced to meet the needs of users of top-of-the-range cars.
Oando’s decision to produce synthetic lubricant, she said, was informed by the need to satisfy various layers or users of automobiles.
She said: “The firm believes in meeting the yearnings of various users of automobiles in Nigeria. For years, the country has been using fairly used cars otherwise known as Tokunbo, and Oando has lubricants for people driving such cars.