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Gas Infrastructure Fund Unveils CNG Facility At OAU In 20-University Initiative

Nse Anthony-Uko by Nse Anthony-Uko
8 months ago
in Business
Gas
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The Midstream and Downstream Gas Infrastructure Fund (MDGIF) has unveiled a Compressed Natural Gas (CNG) refuelling facility at Obafemi Awolowo University (OAU) in Ile-Ife, as part of a 20-university initiative to expand gas infrastructure nationwide.

Speaking at the ceremony, the executive director of MDGIF, Oluwole Adama, described the project as a practical demonstration of Nigeria’s gas-based energy transition.
“This project represents more than the commissioning of a refuelling station. It symbolises progress, partnership and purpose in advancing Nigeria’s energy transition, promoting cleaner fuels and deepening domestic gas utilisation in line with national energy objectives.

“As you may be aware, MDGIF was established to catalyse investments in midstream and downstream gas infrastructure across the country through equity partnerships with private investors.
“Our mandate is clear: to support projects that unlock gas value chains, improve gas access, enhance environmental sustainability, and deliver tangible socio-economic benefits to Nigerians.
“This CNG refuelling infrastructure project at Obafemi Awolowo University is one such strategic investment. Through our equity partnership with FEMADEC Energy Limited, MDGIF is proud to support 20 CNG refuelling infrastructure projects in 20 federal universities across Nigeria,” he said.

Also, the vice-chancellor of Obafemi Awolowo University, Prof Adebayo Simeon Bamire, commended the initiative, stating that the project, designed to serve both the university and the surrounding community, will foster research opportunities, practical learning and innovation in alternative fuels.
He added that it will also strengthen relations between the university and the host community, promote sustainable transport and create shared economic value.
Similarly, the group managing director/chief executive officer of FEMADEC Group, Engr Akinnola Fola, reaffirmed the company’s commitment to delivering safe, efficient and scalable CNG infrastructure nationwide through strong public and private sector collaboration.

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The OAU CNG project is designed to reduce transport costs and pollution on campus. It will provide CNG buses and vehicle conversion services for students, staff and the neighbouring community, while supporting practical research and innovation in gas-powered transport solutions.
In support of clean transport within the institution, the First Lady of the Federal Republic of Nigeria, Senator Oluremi Tinubu, donated 50 CNG-powered buses, while PiCNG donated 10 CNG-powered tricycles to provide more affordable mobility for students and staff, while promoting the adoption of cleaner fuel alternatives.

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Nse Anthony-Uko

Nse Anthony-Uko

Nse Anthony-Uko is a business and financial journalist with over two decades of experience covering Nigeria's financial system, economy, energy sector, corporate landscape, and global economic developments. Her expertise blends frontline journalism with editorial leadership and a strong grasp of financial market dynamics. She has earned multiple professional recognitions and was selected for the International Visitors Leadership Programme (IVLP) in the United States.

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