Fixing Fuel Problems with Tech in Nigeria
Quote from Ndubuisi Ekekwe on May 17, 2022, 12:48 PMOur floats now support all grades of diesel and fuel. If you drop this in your fuel truck or underground storage, via an app, you can know the quantity of your assets. And if you link them together to the local government chairman's office, he/she will know how much fuel is in the local government. Connect that to state and federal, all the demons of stealing fuel will go, because transparency becomes unbounded.
The price of our technology is less than 20% of the leading alternative. This one was engineered with the local mindset. We have started piloting with some private companies. Now, Oga can be in Ibadan and will still know all the fuel levels in all his filling stations and trucks around Nigeria in real time.
And the most amazing: his bank can use those liquid assets to issue credits because our technology will guarantee the volume and asset class. We’re launching full-scale soon; engineers are still doing their thing. #fuelpay
https://www.facebook.com/nekekwe/videos/552251333148639
video: from our Lab
Our floats now support all grades of diesel and fuel. If you drop this in your fuel truck or underground storage, via an app, you can know the quantity of your assets. And if you link them together to the local government chairman's office, he/she will know how much fuel is in the local government. Connect that to state and federal, all the demons of stealing fuel will go, because transparency becomes unbounded.
The price of our technology is less than 20% of the leading alternative. This one was engineered with the local mindset. We have started piloting with some private companies. Now, Oga can be in Ibadan and will still know all the fuel levels in all his filling stations and trucks around Nigeria in real time.
And the most amazing: his bank can use those liquid assets to issue credits because our technology will guarantee the volume and asset class. We’re launching full-scale soon; engineers are still doing their thing. #fuelpay
Tekedia Mini-MBA edition 14 (June 3 – Sept 2, 2024) begins registrations; get massive discounts with early registration here.
Tekedia AI in Business Masterclass opens registrations here.
Join Tekedia Capital Syndicate and invest in Africa’s finest startups here.
video: from our Lab