The Executive Chairman of Vindi Petroleum, Victor Kalu, has announced an innovative private share offer that empowers Nigerians to invest in the company’s petroleum distribution business. This groundbreaking initiative offers investors a potential return of up to 132% per annum.
During a media parley with the Association of Maritime Journalists of Nigeria (AMJON), Kalu emphasized the company’s commitment to democratizing access to petroleum products and providing affordable solutions to Nigerians.
Vindi Petroleum’s private share offer allows individuals to invest in the company’s PMS vessel private offer for as little as N455,000. This initiative is designed to empower Nigerians to become stakeholders in the petroleum distribution business and benefit from the company’s growth.
The company has also launched Fuel Yapa, an online platform that enables consumers to order fuel and pick it up at partner stations nationwide. This platform aims to simplify fuel distribution, cut out middlemen, and make petroleum products more affordable.
In addition to Fuel Yapa, Vindi Petroleum has introduced the “Own a Pump” franchise, which allows individuals to own and operate a single pump instead of an entire station. This initiative has made petroleum retailing accessible to ordinary Nigerians.
Vindi Petroleum has set a target of distributing one billion litres of fuel this year through its platform. To achieve this, the company is working with independent marketers, securing supplies from major producers, and rolling out the private share offer.
Kalu emphasized the importance of competition in the energy market, citing the limited reach of existing players like NNPC. “We want to be a viable alternative, ensuring fuel accessibility in underserved areas. This is why we need the media to help amplify our message and drive national support.”
The Chairman also urged journalists to go beyond reporting and actively support initiatives that address Nigeria’s economic challenges. “What we are looking for is your support. The media has the power to shape public opinion and attract the necessary partnerships to make this vision a reality.”
The meeting concluded with a commitment from Journalists to engage more deeply with stakeholders in the maritime and petroleum sectors, reflecting a shared goal of addressing the country’s pressing economic issues.