Author name: Mike

Dangote’s N720bn CNG Truck Investment to Save Nigerians N1.7trn Annually ...To Lift 42 Million MSMEs ...Presidency, IPMAN, Experts Hail Bold Move Dangote Petroleum Refinery has announced a landmark investment of over ₦720 billion in the deployment of 4,000 Compressed Natural Gas (CNG)-powered trucks for nationwide distribution of petroleum products. This initiative is projected to save Nigerians more than ₦1.7 trillion annually in logistics and fuel distribution costs. The privately-owned refinery is set to absorb over ₦1.07 trillion each year in fuel distribution expenses, drastically reducing operational costs for over 42 million Micro, Small, and Medium Enterprises (MSMEs). The move is expected to lower pump prices, reduce inflation, and increase profitability for businesses across Nigeria. Starting August 15, Dangote will begin direct delivery of petrol and diesel to filling stations, industrial sites, and other high-volume consumers. This eliminates intermediaries and transportation bottlenecks, a move that experts say could transform the energy supply chain. According to the refinery, its production capacity will meet Nigeria’s daily consumption of 65 million litres of refined petroleum products — including 45 million litres of PMS, 15 million litres of diesel, and 5 million litres of aviation fuel. With logistics costs averaging ₦45 per litre, the cost-saving impact of free distribution is estimated at ₦1.07 trillion annually. The investment includes not only the CNG trucks but also a network of nationwide ‘mother and daughter’ CNG stations and related infrastructure. A Strategic Shift for Nigeria’s Economy Dangote Group’s intervention aligns with its broader commitment to: Eliminate logistics inefficiencies Promote energy sustainability Support MSME growth Revive dormant filling stations and stimulate job creation The initiative is expected to create over 15,000 direct jobs within the logistics chain — including drivers, station managers, and CNG station attendants. Additionally, the direct-to-retail delivery system is set to curb petroleum product smuggling, ensuring a more secure and environmentally friendly distribution framework. Presidential and Industry Endorsements The Presidency has praised the initiative as a pivotal step in transitioning Nigeria toward gas-powered transportation. Tosin Coker, Commercial Coordinator of the Presidential CNG Initiative (PCNGI), called it a “milestone achievement,” highlighting the scale and strategic value of the move. “It signals that CNG is no longer a distant goal but a practical, current solution,” he stated. Similarly, the Independent Petroleum Marketers Association of Nigeria (IPMAN) welcomed the development. According to Chinedu Ukadike, National Publicity Secretary, the initiative addresses a long-standing challenge in Nigeria’s downstream sector: “For years, we've relied on costly transport from coastal depots due to non-functional pipelines. Dangote’s direct delivery will ease this burden immensely.” Expert Reactions Prof. Ken Ife, a development economist, noted that the initiative would help bring down the price of PMS, with ripple effects on other sectors. Bismarck Rewane, CEO of Financial Derivatives Company, dismissed monopoly fears, instead applauding the elimination of middlemen and the provision of credit facilities at the retail level. “Middlemen extract margins without adding value. Dangote is investing, distributing, and offering credit — a game-changer,” Rewane remarked. Kelvin Emmanuel, energy expert and co-founder of Dairy Hills, described the absorption of logistics costs as a turning point that would allow citizens to truly benefit from local refining. Ibukun Phillips, an energy analyst, called the move revolutionary, especially in its potential to improve access and affordability in rural communities: “Rural consumers stand to benefit greatly. This could revive abandoned filling stations and ensure fairer, more equitable distribution.”

Dangote’s N720bn CNG Truck Investment to Save Nigerians N1.7trn Annually

Dangote’s N720bn CNG Truck Investment to Save Nigerians N1.7trn Annually …To Lift 42 Million MSMEs …Presidency, IPMAN, Experts Hail Bold Move Dangote Petroleum Refinery has announced a landmark investment of over ₦720 billion in the deployment of 4,000 Compressed Natural Gas (CNG)-powered trucks for nationwide distribution of petroleum products. This initiative is projected to save […]

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End Impunity for June 12

End Impunity for June 12, Make E-Transfer of Election Results Mandatory, SERAP Tells Tinubu

End Impunity for June 12, Make E-Transfer of Election Results Mandatory, SERAP Tells Tinubu The Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu to take decisive steps towards justice and electoral reform by addressing the unlawful annulment of the June 12, 1993 elections and mandating electronic transmission of future election results. In

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World Environment Day 2025

World Environment Day 2025: Chevron Nigeria Limited’s Commitment to Environmental Protection

World Environment Day 2025: Chevron Nigeria Limited’s Commitment to Environmental Protection Since 1973, June 5 has been celebrated annually as World Environment Day (WED). This day is dedicated to raising awareness and promoting actions to address various environmental issues, including marine pollution, overpopulation, global warming, sustainable development, and wildlife crime, among others. This year’s theme,

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Shell Foresees Bright Future for Nigerian Companies in Offshore Oil Developments

Shell Foresees Bright Future for Nigerian Companies in Offshore Oil Developments

Shell Foresees Bright Future for Nigerian Companies in Offshore Oil Developments Shell Nigeria Exploration and Production Company Ltd (SNEPCo) has reaffirmed its commitment to supporting Nigerian businesses, encouraging them to seize expanding opportunities in offshore and shallow water oil and gas projects. Unlocking Potential in Deepwater Projects Speaking at the 5th Nigerian Oil and Gas

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Rivers hospital gets ICU boost from Renaissance, partners

Rivers hospital gets ICU boost from Renaissance, partners

Rivers hospital gets ICU boost from Renaissance, partners Demonstrating its commitment to strengthening healthcare in its operational areas, Renaissance Africa Energy Company Limited and its joint venture partners including the Nigerian National Petroleum Company Limited (NNPC) have donated vital medical equipment and essential drugs to the Intensive Care Unit (ICU) of the Rivers State University

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Rural Women’s Forum Unites Over 200 Women from Southern Highlands

Rural Women’s Forum Unites Over 200 Women from Southern Highlands

Rural Women’s Forum Unites Over 200 Women from Southern Highlands By Friday Simbaya, Mbeya Beyond financial resources, women need access to land, information, technology, and natural resources in order to make autonomous decisions—especially when it comes to land ownership. Experts estimate that enabling women to access these critical resources could help them meet their basic

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RETHINKING NIGERIA’S SOLAR PANEL IMPORT BAN

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RETHINKING NIGERIA’S SOLAR PANEL IMPORT BAN By Kehinde Aderogba and Oluwatosin Akinjiola Amidst Nigeria’s efforts to expand energy access and accelerate its transition to cleaner energy sources, the federal government (FG) has announced plans to immediately halt the importation of solar panels and instead, domesticate the manufacturing of renewable equipment. This sudden end to the

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Gender-Based Violence Against Children Remains a Growing Concern in Mbeya

Gender-Based Violence Against Children Remains a Growing Concern in Mbeya

Gender-Based Violence Against Children Remains a Growing Concern in Mbeya By Friday Simbaya Mbeya. The increasing cases of gender-based violence against children, particularly within families and communities, have raised concerns. These cases often involve murder, defilement, rape, early pregnancies, and excessive physical abuse. As the world continues to advocate for the rights of women, girls,

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Withdraw ‘repressive bill to regulate bloggers or face legal action’, SERAP tells Akpabio, Abbas

Withdraw ‘repressive bill to regulate bloggers or face legal action’, SERAP tells Akpabio, Abbas

Withdraw ‘repressive bill to regulate bloggers or face legal action’, SERAP tells Akpabio, Abbas Socio-Economic Rights and Accountability Project (SERAP) has urged the Senate President, Godswill Akpabio, and Speaker of the House of Representatives, Tajudeen Abbas “to immediately withdraw the repressive bill for an act to amend the Nigeria Data Protection Act 2023, which seeks to

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