GPC Energy and Logistics has grown its fleet size from five (5) trucks (at the Company’s inception) to over 500 trucks covering an average of 2.8 million kilometers monthly. Today, the Company has grown to become one of the largest and leading independent operators, offering supply chain support services for the haulage of goods to specific locations on behalf of its clients which include multinationals in the Fast-Moving Consumer Goods (FMCG), and cement industries.

GPC’s operations cut across the South-West, South-South, South-East, and North Central regions with major presence in 12 locations across the country with a fleet predominantly comprised of European and Chinese trucks – e.g. MAN Truck, Sino Truck and Mercedes Benz Trucks, etc.

GPC’s ability to meet its obligations is tied to its strong, stable and diversified revenue base backed by contracts with blue-chip multinationals in Nigeria including but not limited to: Nestle, Nigerian Breweries, Guinness, etc. Proceeds of the Series 1 bonds will finance the acquisition of up to 220 heavy duty trucks to support the company’s expansion programme as well as its business diversification strategy.

Development Impact

Building resilient infrastructure and promoting inclusive and sustainable industrialization is a sustainable development goal (SDG). The development impact for this transaction can be assessed in three folds: (1) Job Creation (direct and indirect): the proposed acquisition of 220 trucks would be expected to create employment opportunities for new workers with over 50% of these workers being employed to provide skilled labour which would contribute to the recovery of the economy from the impact of Covid-19 pandemic as well as reduction in supply chain disruptions; (2) Increased Capacity: the proposed truck acquisition would increase GPC’s haulage capacity by about 6,600 tons per day. The increased capacity will lead to increased distribution of goods which consequently improves standard of living due to increased availability and access to essential goods; (3) Time & Cost Savings: this is attributable to both GPC and the customer being served. The increased capacity from the new fleet would lead to significant time savings as a result, increased volumes being distributed in a shorter period.