The Nigerian government has invested more than $450 million into the development of the country’s compressed natural gas (CNG) value chain, according to the Project Director of the Presidential Compressed Natural Gas Initiative (PCNGi) Michael Oluwagbemi.
Oluwagbemi, represented by Tosin Coker, the Head of Commercial at PCNGi, made the announcement on Monday during the 9th Edition of the Nigeria Energy Forum (NEF 2024) in Lagos. He highlighted that this significant investment focuses on key areas of CNG infrastructure, including the establishment of mother stations, daughter stations, refuelling stations, and conversion centres across the country.
The initiative aims to enhance Nigeria’s CNG network, which has seen the opening of several CNG conversion centres nationwide. This move aligns with the government’s broader strategy to promote the use of CNG as a cleaner, more sustainable energy source.
In May, President Bola Ahmed Tinubu directed all ministries, departments, and agencies to procure CNG buses, further supporting the adoption of CNG for public transport and reducing the country’s dependence on more polluting fuels.
