Vindi Petroleum, a fast-growing player in Nigeria’s oil and gas industry, has announced big plans to change how fuel is distributed in the country.
At a meeting with the Association of Maritime Journalists of Nigeria (AMJON), the company’s Chairman and CEO, Victor Kalu, explained their vision to make fuel more affordable and accessible to Nigerians.
Cutting Out Middlemen to Lower Fuel Prices
Kalu said one of Vindi Petroleum’s main goals is to remove unnecessary middlemen who drive up fuel costs.
“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,” he said.
He highlighted how the rising cost of fuel is affecting ordinary Nigerians, especially transport fares.
“One of my staff members told me they now spend between N1,000 and N1,200 to travel from Ikeja to Egbeda. Another pays up to N2,000 to get from Ikeja to Victoria Island. These prices are shocking!”
He added that high transport costs are making life harder for workers, and if nothing is done, it could lead to an economic crisis.
Introducing ‘Fuel Yapa’ and ‘PetrolKeg’
To tackle these issues, Vindi Petroleum is launching new services:
- Fuel Yapa: A fuel retail network that allows Nigerians to buy fuel online and pick it up at over 1,000 partner stations nationwide.
- PetrolKeg: A service where people can pre-order and reserve fuel at specific locations.
‘Own a Pump’—A New Way to Invest in Fuel Retail
Another big initiative is ‘Own a Pump’, which allows everyday Nigerians to invest in selling fuel without the huge costs of setting up a petrol station.
“Opening a fuel station used to cost between N100 million and N2 billion. We changed that by letting people own and operate just one pump, making it easier for Nigerians to enter the business,” Kalu explained.
This idea has gained huge support, with many people signing up across the country.
Helping Independent Fuel Marketers Stay in Business
Many independent fuel marketers are struggling because they can’t afford to buy fuel in bulk.
“Last year, some marketers told the government they needed a bailout because they couldn’t afford to buy petrol. A truck of petrol that used to cost N5 million now costs N50 million,” Kalu said.
To help, Vindi Petroleum is creating new investment opportunities where Nigerians can invest in fuel distribution and earn good returns.
Invest in Fuel and Earn Up to 132% Per Year
Vindi Petroleum has also introduced a private investment offer, allowing Nigerians to invest in fuel distribution.
“For as little as N455,000, anyone can invest in our fuel supply vessels and earn up to 132% returns per year,” Kalu revealed.
He encouraged Nigerians to take advantage of these opportunities to not only secure their financial future but also support the economy.
A Bold Move for Nigeria’s Economy
Drawing from his experience in the telecom industry where competition led to cheaper call rates, Kalu said Vindi Petroleum is using a similar approach to lower fuel costs.
“We’re here to make a difference. We’re not just reporting problems; we’re offering real solutions.”
With these bold plans, Vindi Petroleum is set to change the way fuel is bought and sold in Nigeria, giving people hope in tough economic times.
