By Raheem Ibrahim<\/b><\/p>\n
Era of incessant fuel scarcity being experience by Nigerians over a decade would soon be a thing of past as Vindi Petroleum yesterday revealed introduction of ‘Fuel Yapa’ to ease access to petroleum retailing and provide affordable petroleum access solutions to Nigerians.<\/p>\n
The Executive Chairman of the firm, Mr Victor Kalu at a media parley with the members of the Association of Maritime Journalists of Nigeria (AMJON) at its secretariat in Apapa Secretariat, Lagos, revealed that the new innovation will also ease transportation of PMS to filling stations and unnecessary delay before getting the products.<\/p>\n
He emphasised the company\u2019s commitment to easing the burdens faced by Nigerians due to rising fuel costs and transportation expenses, noting that the current economic realities necessitate innovative solutions that can help bridge gaps in energy distribution and affordability.<\/p>\n
According to him, \u201cIn 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. At Vindi Petroleum, we are driven by the need to address this issue, not for personal gain, but to impact the Nigerian economy positively\u201d.<\/p>\n
Among the innovation outlined, he mentioned Vindi Petroleum\u2019s innovative approach, highlighting the “Own a Pump” franchise, which allows individuals to own and operate a single pump instead of an entire station. This initiative, launched last year has made petroleum retailing accessible to ordinary Nigerians who previously lacked the financial capacity to enter the industry.<\/p>\n
\u201cLast year, we set out to expand our footprint by introducing the “Own a Pump” franchise, a groundbreaking innovation in petroleum retail.
\nTraditionally, opening a petrol station required capital ranging from N100 million to N2 billion, effectively locking out ordinary Nigerians from entering the oil and gas industry. This exclusivity led many to believe the sector was controlled by a select few with deep pockets”, he revealed.<\/p>\n
Kalu stressed further, \u201cWe disrupted this norm by offering a model that allowed individuals to own and operate a single pump instead of an entire station, making retailing accessible to everyday Nigerians. The initiative gained massive traction, and our branches multiplied rapidly. Despite skepticism, our programmes were oversubscribed nationwide, proving the demand for a more inclusive approach to fuel distribution.\u201d<\/p>\n
\u201cThis year, we are taking it a step further with a new vision. Just as we defied expectations last year, we are confident in our ability to achieve even greater impact in democratising the oil and gas sector. That’s why I\u2019m here to share our plans for this year and invite more Nigerians to partner with us on this journey,\u201d he added.<\/p>\n
Kalu hinted that his company plans to build on its success with the launch of Fuel Yapa, an online platform enabling consumers to order fuel and pick it up at partner stations nationwide. The platform, which boasts over 1,000 partner stations, aims to simplify fuel distribution and cut out middlemen to make petroleum products more affordable.<\/p>\n
\u201cWith Fuel Yapa, consumers can order fuel online, reserve it at any of our partner stations across Nigeria, and even have it delivered to their homes or offices through our PetrolKeg service. This is a first-of-its-kind solution in Nigeria,\u201d Kalu stated.<\/p>\n
“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.<\/p>\n
\u201cOur private offer allows Nigerians to become stakeholders in fuel distribution. For as little as N455,000, individuals can invest in our PMS vessel private offer and earn a return of up to 132 per cent per annum. This is not just business; it is an opportunity to empower Nigerians to become petroleum moguls,\u201d Kalu explained.<\/p>\n
He acknowledged the importance of competition in the energy market, citing the limited reach of existing players like NNPC saying, \u201cWe 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.\u201d<\/p>\n
The Chairman Vindi Petroleum however urged journalists to go beyond reporting and actively support initiatives that address Nigeria\u2019s economic challenges, saying \u201cWhat we are looking for is your support. The media has the power to shape public opinion and attract the necessary partnerships to make this vision a reality\u201d.<\/p>\n
He remarked by encouraging journalists with a commitment to engage more deeply with stakeholders in the maritime and petroleum sectors, reflecting a shared goal of addressing the country\u2019s pressing economic issues.<\/p>\n","protected":false},"excerpt":{"rendered":"
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