President of Dangote Group, Aliko Dangote, has dismissed allegations of monopoly in the petroleum downstream sector as the company rolled out 1,000 Compressed Natural Gas (CNG) trucks in Lagos on Monday.
Speaking at a press conference, Dangote revealed that the company had invested about ₦2 trillion in trucks and logistics, adding that a total of 4,000 CNG trucks were ordered from China for direct fuel distribution.
“We are not here to take anyone out of the market. The trucks we are deploying have already created 24,000 jobs, with salaries four times the minimum wage,” he said.
Dangote explained that the company had purchased 10,000 trucks, including CNG and dry cargo carriers, stressing that the new fleet would modernise Nigeria’s transport sector and ease fuel supply challenges.
“Every day, trucks will be arriving. By the end of November, we will have 10,250 CNG trucks in operation,” he assured.
On future expansion, he disclosed plans to roll out electric vehicles by January 2026, alongside the refinery’s growing capacity. He also projected that Nigeria would soon emerge as the largest fertiliser producer in the world.
“Our aim is to modernise, generate jobs every day, and make life easier for Nigerians. We are not going to be distracted by the noise of unions,” he added.
Dangote noted that the company currently lifts 40,000 tonnes of diesel monthly, while over 1.6 billion litres of fuel had already been exported.
Meanwhile, Dangote Refinery’s newly acquired CNG trucks began loading petroleum products at the facility on Monday for direct supply to filling stations across the country.
It was gathered that the trucks have started taking turns at the gantry to load products.
The refinery had earlier announced in August that it received the first batch of its 4,000 CNG-powered trucks, with the distribution programme initially set to commence on August 15.
