In a decisive move to redefine Nigeria’s fuel distribution landscape, Vindi Petroleum’s Executive Chairman, Victor Kalu, has outlined a transformative plan aimed at democratizing fuel access across the country. Speaking at a roundtable discussion hosted by the Association of Maritime Journalists of Nigeria (AMJON) at its Secretariat in Apapa, Lagos, Kalu unveiled innovative solutions designed to tackle fuel affordability and accessibility challenges.
Breaking Barriers in Fuel Retailing
Kalu reflected on the prohibitive costs that have historically prevented ordinary Nigerians from participating in the petroleum retail industry. He noted that setting up a single petrol station typically required an investment of ₦100 million to ₦2 billion, effectively reserving the market for a select few.
“For years, the oil and gas industry has been perceived as an exclusive club controlled by a few deep-pocket investors. We refused to accept this status quo. Last year, we introduced the ‘Own a Pump’ franchise to allow everyday Nigerians to participate in fuel retailing without owning an entire station. The response was overwhelming, and our branches expanded rapidly,” Kalu explained.
Building on that success, Vindi Petroleum has now launched Fuel Yapa, a digital platform designed to connect consumers directly to petrol stations, allowing them to place orders and either pick up fuel at designated stations or have it delivered through the company’s new PetroKeg service.
Fuel Yapa: A Game-Changer in Fuel Distribution
According to Kalu, Fuel Yapa already boasts over 1,000 registered partner stations nationwide, making it the largest network of refueling stations in Nigeria. The platform’s functionality includes real-time fuel availability tracking, price transparency, and GPS navigation to the nearest station.
“Fuel Yapa eliminates the uncertainty of finding fuel at fair prices. Nigerians can now log in, locate the nearest station, and even reserve fuel before arrival. For those in need of doorstep delivery, our PetroKeg service ensures safe and efficient supply to homes, offices, and businesses,” he added.
With plans to distribute one billion liters of fuel this year, Kalu emphasized that Fuel Yapa is more than just a convenience tool—it is a disruption of the traditional supply chain.
“We are removing unnecessary intermediaries that drive up fuel prices. Our platform directly connects consumers with stations, securing fair pricing and stable supply. This has never been done before, and it gives us a unique leverage in the industry.”
Empowering Nigerians Through Fuel Investment
In a bold move to further democratize the oil and gas sector, Vindi Petroleum announced a private investment offer, allowing Nigerians to participate in fuel distribution as investors.
“For as little as ₦455,000, Nigerians can own a share in our PMS vessel private offer and earn up to 132% returns annually. Each investment directly supports our mission to secure fuel supply nationwide while creating wealth for stakeholders,” Kalu disclosed.
This initiative allows investors to acquire fuel in bulk at discounted rates and supply stations in need, turning ordinary Nigerians into fuel entrepreneurs.
Challenging the Monopoly in Fuel Supply
Kalu noted that while NNPC controls only 900 retail stations across Nigeria, private operators manage over 33,000 outlets, underscoring the untapped potential for competition and fair pricing.
“If Nigerians are truly serious about breaking the monopoly on fuel supply, we must create alternatives. That is why we are not just expanding our network—we are inviting Nigerians to be part of this transformation,” he asserted.
Vindi Petroleum is also exploring international partnerships to import fuel directly at competitive rates, ensuring uninterrupted supply despite market volatility.
Call for Media Support
In his closing remarks, Kalu called on journalists to help amplify the company’s mission, stressing the importance of media influence in driving economic transformation.
“We are not just selling fuel; we are solving a national crisis. The media has the power to shape public opinion and drive awareness. We need your support in making this initiative a success,” he urged.
The AMJON President, Kelvin Kagbare, assured Kalu of the association’s commitment to promoting impactful innovations that benefit the Nigerian economy.
As the discussion wrapped up, it was clear that Vindi Petroleum’s vision extends beyond profit-making—it is about creating a new fuel economy where every Nigerian has a stake and an opportunity to benefit.
With its disruptive business model, digital transformation, and investment opportunities, Vindi Petroleum is poised to reshape Nigeria’s petroleum industry for the better.
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