THE NIGERIAN ECONOMY

Rig workers

Nigeria is Africa’s largest economy. With a GDP of $510 Billion and a population of 170 Million it remains the investor’s destination in the Sub-Saharan Africa. The oil and gas industry is dominated by the multinationals and there had been various efforts by the government through the local content legislation to encourage local participation in the industry. Given the difficulties encountered by the citizens in accessing petroleum products it is clear that there is a huge opportunity for new entrants to participate in the industry.

This existing opportunity is what Antoblue Energy hopes to explore and to serve the consumer profitably. Our strategy is to partner with the major international traders who have long term contracts with major refineries to source our products at very competitive rates and pass those cost savings to our customers through very competitive prices because we realize that petroleum products are commodities and pricing is critical in commodity marketing.