Dear President Buhari, we write to offer to fix the leakages in Nigeria’s fuel subsidy program especially now that our national currency is struggling; any help will go a long way. Our technology has been tested by filing stations and other players in the downstream oil & gas sector. We have accomplished the capability of reconciling fuel volume/Naira from depots via trucks to pumps and shifts.
Mr. President, if contracted and within 3 months, we will make it possible for you to know the fuel volume in Nigeria, and the exact location, across trucks (parked or on the go), depots, and stations, on your smartphone, and LCD monitor in the Presidency. Zero leakage, zero diversion guaranteed. No wuruwu in subsidy payment. Naira will dance atilogwu, koroso, bata, etc.
We will answer the call. Please share this with President Buhari; I just feel that we can help the nation, considering that many of us went on largely free education in Nigeria. We’re 100% Nigerians-owned and the founders are grads of the Nigerian university system (FUT, Owerri) – give us a challenge!
Tekedia Mini-MBA edition 16 (Feb 10 – May 3, 2025) opens registrations; register today for early bird discounts.
Tekedia AI in Business Masterclass opens registrations here.
Join Tekedia Capital Syndicate and invest in Africa’s finest startups here.
We will create total (direct/indirect) jobs of 50,000 and save at least $2 billion for Nigeria.
Update: Intermittent network availability is not a problem when the trucks are moving across cities. Our sensors have in-memory microprocessors which have capacities to retain information and then push them via different gateways once a network is established. The data transmitted is “text” [not video, not image] and the cost is negligible.
Response to questions on possible cloud latency on my post yesterday.
Some questions on our technology which ensures 100% revenue assurance with zero financial leakage in the downstream oil & gas sector. A key one is network issues where say an attendant completes a shift at 1pm and his supervisor is closing it, reconciling money at hand and total fuel dispensed in the pump. We have intelligent software agents which ensure that you are reconciling well.
The payment part is always up to date but you can have small delays from the tank sensors. If that happens, you will see a notification on the dashboard, telling you the last volume records and informing you that sensors in the pump have that data in the memory and will update them once the network connection is re-established. And once that happens, you will see data before the 1pm as in-memory chips keep data and ensure you have solid system integrity.
This process will not affect the next shift as the technology is bi-directional which has intelligence in both directions. From productive sites
Our technology has the ability to reconcile in seconds all subsidy volume delivery, payments with where the diesel, petrol, kerosene, etc are located across Nigeria within 5 minutes on Mr. President’s desk.
Building the Operating System for Payment in Nigeria’s Downstream Sector
Tracking on Smartphone
With our technology, when that truck loads in the depot, and moves across your locations, to drop petrol, via your smartphone, you can see the path, the volume, where the next stop is programmed to be, and more. We’re bringing uncommon transparency in Nigeria’s downstream oil and gas sector. We do not just track trucks, we also track the liquid content. As everything is happening, we are reconciling payment transactions!
---
Register for Tekedia Mini-MBA (Feb 10 - May 3, 2025), and join Prof Ndubuisi Ekekwe and our global faculty; click here.
Your presentation is impressive and with my present position in a leasing haulage industry,vi perfectly agree with the concept. Being a season MN aster t reach it we that uses the tracking platform t ok drive eff ok c is Efficiency overtime, it’s a great privileged to invite you and team to our business so we can achieve a zero Leakage ,zero pilfering,zero diversion and customer centric delivery experience.
Your presentation is impressive and with my present position in a leading haulage industry,I perfectly agree with the concept. Being a season Master tracker , that uses the GPS tracking platforms to drive Efficiency overtime, it’s a great privileged to invite you and team to our business so we can achieve a zero Leakage ,zero pilfering,zero diversion and customer centric delivery experience.
I will appreciate that a stimulation presentation can be be set up through Google meet or physically as presently, we experience the exception stated above .