President of Dangote Group, Aliko Dangote, yesterday dismissed allegations of monopoly in the downstream oil sector as the company rolled out 4,000 Compressed Natural Gas (CNG) trucks in Lagos.
He said the conglomerate had invested about ₦2 trillion in trucks and logistics to strengthen distribution and stabilise fuel supply nationwide.
According to him, the new fleet has created 24,000 jobs, with salaries four times the minimum wage.
“We are not here to take anyone out of the market. Every day, trucks will be arriving. By the end of November, we will have 10,250 CNG trucks in operation,” Dangote said.
He added that the company had purchased 10,000 trucks, including CNG and dry cargo carriers, to modernise the country’s transport system.
Dangote further disclosed plans to introduce electric vehicles by January 2026 as part of the group’s expansion drive. He said Nigeria was on track to become the largest fertiliser producer in the world, describing it as “a big celebration for the country.”
“Our aim is to modernise, generate jobs every day, and make life easier for Nigerians. We will not be distracted by the noise of unions,” he stated.
He revealed that Dangote Refinery currently lifts 40,000 tonnes of diesel monthly, with over 1.6 billion litres of fuel already exported.
Meanwhile, the newly acquired trucks began operations on Monday, loading petroleum products at the refinery for direct supply to filling stations across the country.
The refinery had in August announced the arrival of the first batch of its 4,000 CNG trucks, with distribution earlier scheduled for August 15.
