00:00Nigeria's fuel supply business is witnessing a major shake-up.
00:05The Dangote Refinery has rolled out a bold scheme, direct fuel delivery with free transportation
00:12to Philly stations and bulk buyers.
00:16Until now, marketers and large companies relied on independent truck owners to move fuel from
00:23depots and refineries.
00:26But with Dangote's new offer, many buyers are bypassing those middlemen, cutting costs
00:31and reshaping the market.
00:35Not everyone is celebrating.
00:37The president of the National Association of Road Transport Owners, NARTO, Yusuf Ufman,
00:44says this threatens the survival of thousands of transporters.
00:49He explained that many of his members took bank loans to buy trucks based on long-term
00:56knowledge contracts.
00:57Now, these agreements may collapse.
01:00He also cited Section 212 of the Petroleum Industry Act urging regulators to intervene.
01:09But independent petroleum marketers are welcoming the move.
01:13The National President of Independent Petroleum Marketers Association of Nigeria, IPMAN, Abubakar
01:21Shetima.
01:22Confirmed that Dangote's compressed natural gas trucks have already started free deliveries
01:27to Lagos, Ogun, Ondo, Ibadan, and other parts of the southwest.
01:35Marketers say they are pleased because it lowers costs and stabilizes supply.
01:40Most importantly, Dangote has also slashed prices.
01:46Petrol now sells at 841 Naira per litre in Lagos and other southwest states and 851 Naira per
01:53litre in Abuja, Rivers, Delta, Edo, and Quara.
01:58At the gantry, the ex-depot price is set at 820 Naira.
02:04Over 1,000 CNG powered trucks are already deployed in the first phase with a target of 4,000 trucks
02:12nationwide.
02:15The Dangote refinery, inaugurated in May 2023 in Leki, is the largest in Africa with capacity
02:22for 650,000 barrels per day.
02:25It is designed not only to meet Nigeria's entire fuel demand, but also to supply other countries.
02:32Still, resistance is building.
02:35Depot owners under DAPPMAN fear that their facilities may become idle.
02:42Dangote management says the group has demanded as much as 1.5 trillion Naira in subsidies to
02:49cover losses.
02:51In some cities, pump prices remain higher than the announced cut, fueling questions about
02:58complaints and enforcement.
03:00Analysts say the scheme could absorb over 1 trillion Naira annually in logistic costs.
03:07But critics warned that free delivery may not be sustainable, especially in Nigeria's
03:14volatile fuel market, where crude is bought in dollars, but fuel is often sold in Naira.
03:20For consumers, Dangote's plan promises cheaper petrol and stable supply.
03:27For marketers, it reduces cost and builds confidence.
03:31But for thousands of transporters and depot owners, it threatens livelihood and investments.
03:38In the months ahead, the big questions remain.
03:42Can Dangote sustain this model?
03:45Will regulators step in?
03:48And can a balance be struck between innovation and the survival of other players in Nigerian
03:53frill business?
03:55One thing is clear.
03:57Dangote's frill delivery scheme is not just a business move.
04:01It's a turning point in Nigeria's downstream oil industry.
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