Dangote Refinery Invests N720bn in 4,000 CNG Trucks to Slash Fuel Costs, Save Nigeria N1.7trn Annually

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Dangote Petroleum Refinery has launched a groundbreaking initiative to deploy 4,000 Compressed Natural Gas (CNG)-powered trucks for nationwide fuel distribution, investing over N720 billion to cut logistics costs and save Nigerians an estimated N1.7 trillion annually.

The refinery will absorb over N1.07 trillion yearly in fuel distribution expenses, significantly lowering energy costs for over 42 million Micro, Small and Medium Enterprises (MSMEs). Starting 15 August, Dangote will deliver petrol and diesel directly to filling stations, industries, and bulk consumers, eliminating middlemen and reducing pump prices.

With Nigeria’s daily fuel demand at 65 million litres—45 million litres of PMS, 15 million litres of diesel, and 5 million litres of aviation fuel—the refinery’s free distribution model will save an estimated N45 per litre in logistics costs. The initiative includes building CNG refueling stations nationwide and is expected to create 15,000 jobs while reviving dormant filling stations.

The Presidency hailed the move as a major step in Nigeria’s gas-powered transport agenda.

Tosin Coker of the Presidential CNG Initiative (PCNGI) called it a “milestone,” while IPMAN praised Dangote for easing marketers’ logistical burdens.

Economists like Bismarck Rewane dismissed monopoly concerns, noting the scheme cuts parasitic middlemen and ensures uniform pricing.

Energy experts, including Kelvin Emmanuel and Ibukun Phillips, described it as a “revolution” that will boost rural access, curb smuggling, and stimulate economic growth.

This initiative underscores Dangote’s commitment to energy efficiency, environmental sustainability, and Nigeria’s economic transformation.

About The Author

Dele Fashomi

Dele Fashomi, seasoned journalist and communication teacher, is a holder of Master of Arts degree in Communication and Language Arts from the University of Ibadan in 1992/93.

Earlier, he had bagged a Bachelor degree from the same university in 1984, after which he proceeded to the Nigerian Institute of Journalism, Lagos, in 1990, for a postgraduate diploma in Journalism.

He had done many courses in communication, including the EU-BBC Editing Course in 2002.

Mr. Fashomi combines effectively the practice, research and teaching of communication. And to date, he has published two academic works in communication: Issues in Communication Technology and Policy (2010) and Economic and Social Issues in Advertising and PR (2013).

He had his first break in the Nigerian media in Concord Newspapers in 1990 and today, he has over two and half decades experience earned in several newspapers.

He has been part of many start-ups, such as The Republic (1987), The Comet (1999), The Anchor 2001 – 2002; Sun Newspapers (2003); Westerner newsmagazine (2005 – 2010) as Editor; National Life (2011) as Sunday Editor, and Newswatch Newspapers (2012- 2016) as Daily Editor.

Dele Fashomi is now the Publisher/Editor-in-Chief of Newstide247.com newspaper online, which he started in July 2015. He is also into biography writing, with many books in his trail, some of which he wrote alone and one he co- authored with his mentor, Mr Dare Babarinsa, entitled: Olabiyi Durojaiye – DARE TO BE DiFFERENT. He also guided and collaborated with Pa Olatunji Odusanya in writing his autobiography – AGAINST ALL ODDS. There are many other books in the works under his pen.

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