By Barnabas Esiet.
Vindi Petroleum, a leading player in Nigeria’s downstream oil and gas industry, has announced ambitious plans to revolutionize the country’s fuel distribution landscape.
The company’s Chairman and CEO, Victor Kalu, revealed the plans during an interactive session with members of the Association of Maritime Journalists of Nigeria (AMJON) in Lagos.
According to Kalu, Vindi Petroleum aims to make fuel more affordable and accessible to Nigerians by cutting out middlemen and simplifying the distribution process.
“We want to simplify fuel distribution so that Nigerians can buy fuel at better prices. This isn’t about personal gain, it’s about finding solutions to real economic problems,” Kalu said.
He highlighted the impact of rising fuel costs on ordinary Nigerians, particularly with regard to transportation expenses.
“In Nigeria today, the cost of goods and transportation has skyrocketed, directly linked to the rising cost of fuel. People are struggling to survive, and we cannot afford to stand by and watch,” Kalu said.
Vindi Petroleum’s plans include the launch of FuelYapa, an online platform that enables consumers to order fuel and pick it up at partner stations nationwide. The platform boasts over 1,000 partner stations and aims to make petroleum products more affordable.
The company also announced a bold target of distributing one billion liters of fuel this year through its platform.
To achieve this, Vindi Petroleum is working with independent marketers, securing supplies from major producers, and rolling out a private offer that allows Nigerians to invest in petroleum distribution.
With only N455,000, individuals can invest in Vindi Petroleum’s PMS vessel private offer and earn a return of up to 132 percent per annum.
Kalu emphasized the importance of competition in the energy market, citing the limited reach of existing players like NNPC.
“We want to be a viable alternative, ensuring fuel accessibility in underserved areas. This is why we need the media to help amplify our message and drive national support,” Kalu said.
He urged journalists to go beyond reporting and actively support initiatives geared towards addressing Nigeria’s economic challenges.
“We need your support, as the media has the power to shape public opinion and attract the necessary partnerships to make this vision a reality,” Kalu concluded.
Vindi Petroleum’s plans have been hailed as a game-changer for Nigeria’s oil and gas industry, with many experts predicting a significant impact on fuel prices and accessibility in the coming months.
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