• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Tuesday, July 29, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Nigeria’s CNG Drive Gets $491m Private Sector Boost

by Jonathan Nda-Isaiah
4 months ago
in Business
CNG
Share on WhatsAppShare on FacebookShare on XTelegram

The Presidential Compressed Natural Gas Initiative (PCNGi) said it has secured over $491 million in private sector investment to boost the country’s Compressed Natural Gas (CNG) initiative targeted at reducing reliance on petrol and diesel.

Advertisement

Programme Director of PCNGi, Engr. Michael Oluwagbemi disclosed this during a media parley at the State House in Abuja on Monday, stating that the investment, attracted within one year has also created over 9,000 direct and 75,000 indirect jobs across the country.

Oluwagbemi said the initiative, launched to cushion the impact of fuel subsidy removal, has led to 3,000 per cent increase in the nation’s capacity to convert vehicles from petrol or diesel engines to bi-fuel CNG systems.

According to Oluwagbemi, the number of conversion centres has also grown from seven to over 200 nationwide.

“We are on course to achieve 10,000 vehicle conversions by the end of Q1 2025,” Oluwagbemi said. “Already, 405 CNG buses have been deployed in line with agreements reached during wage negotiations with organised labour.”

RELATED

Dangote Cement

Dangote Cement Grows Nigeria’s Exports By 18.2%, Records N520.5bn Net Profit

10 hours ago
Dropped Luggage: Foreign, Local Airlines Must Pay $170, N10,000 Compensation, Says NCAA

Dropped Luggage: Foreign, Local Airlines Must Pay $170, N10,000 Compensation, Says NCAA

10 hours ago

Addressing the shortage of CNG refuelling outlets, Oluwagbemi said the newly launched Refuelling On-Lending Programme would enable key conversion centres and gas retailers to access critical equipment at cost.

He added that the initiative plans to expand CNG coverage from five states to 17 by June 2025, with 25 sites expected to go live.

“The first site in Kwara State is already operational. Before May 1, sites in Kogi, Ekiti, Rivers, and Abuja will go live. By June 12, Kaduna, Abia, and Enugu will join, followed closely by Niger, Kano, and Benue,” he said.

According to him, over 150 new refuelling stations will be deployed in the next 18 months, in partnership with private investors.

The NNPC has already deployed 12 stations, with eight more coming before the end of this quarter. He added that approval has been secured for 100 more over the next two years.

Speaking on safety concerns, especially following the 2024 illegal CNG cylinder explosion in Benin, Edo State, the PCNGi boss said the Nigerian Gas Vehicle Monitoring System (NGVMS) would be launched within the next 60 days to ensure only certified vehicles are refuelled.

“Let me be clear, the Benin incident was caused by economic saboteurs who engaged in illegal fabrication of CNG cylinders. They were arrested, and with NGVMS in place, such incidents will be avoided,” he said.
He noted that the system will track gas vehicles, ensure compliance with safety standards, and allow only verified conversions to operate.

The PCNGi is working with agencies including the Standard Organisation of Nigeria (SON), the Federal Road Safety Corps, and the Nigerian Midstream and Downstream Petroleum Regulatory Authority to operationalise the system before year end.

Oluwagbemi acknowledged the growing demand for CNG as a result of the government’s awareness campaigns and cost-saving incentives to private sector operators.

He, however, admitted that there were delays in infrastructure rollout in some areas, leading to long queues.

“We are aware of the queues and gaps at the last mile, but we assure Nigerians that this is temporary. Our pipeline of infrastructure is strong, and the private sector is on board to scale quickly,” he said.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel




Tags: CNGPresidential Compressed Natural Gas Initiative (PCNGI)
SendShareTweetShare
Previous Post

Petitioners Ask Court To Compel EFCC To Probe AFN Officials Over Fraud Allegations

Next Post

NNPC Foundation Flags Off Free Cataract Surgeries For Bayelsa Residents

Jonathan Nda-Isaiah

Jonathan Nda-Isaiah

You May Like

Dangote Cement
Business

Dangote Cement Grows Nigeria’s Exports By 18.2%, Records N520.5bn Net Profit

2025/07/29
Dropped Luggage: Foreign, Local Airlines Must Pay $170, N10,000 Compensation, Says NCAA
Business

Dropped Luggage: Foreign, Local Airlines Must Pay $170, N10,000 Compensation, Says NCAA

2025/07/29
Large-cap Stock Drives Local Bourse To N180bn Gains
Business

Stock Market Opens Week Bullish With N400bn Gain

2025/07/29
MONEY MARKET: Assessing MPC’s Interest Rate Hike To Address Inflation
Business

Inflation: MAN Demands Interest Rate Cut

2025/07/29
Lufthansa’s Offload Of Passengers, Luggage Unrelated To Shorter Runway – Airport Official
Business

Lufthansa’s Offload Of Passengers, Luggage Unrelated To Shorter Runway – Airport Official

2025/07/29
air peace
Business

Air Peace Hosts Leadership, Customers’ Retreat For Management Team

2025/07/29
Leadership Conference advertisement

LATEST

Saraki Tells Supporters To Stay Away From ADC

Audit Report: Senate Gives NNPC 3 Weeks To Answer Queries On N210trn

Ogun Gov’t Warns Violators, Vows To Enforce Anti-Open Grazing Law

Kaduna Gov Sacks Info Commissioner, Names Maiyaki As Replacement

ASUU Awards Scholarships To 7 ATBU Indigent Students

NiDCOM Boss Calls For Calm Over Ghanaians’ Protest Against Nigerians

Group Kicks Over Inclusion Of Urhobo Land In Tantita Pipeline Surveillance Contract

Stray Elephant Kills Middle-aged Farmer In Ogun

Dangote Refinery Withdraws ₦100bn Lawsuit Against NMDPRA, NNPC, Oil Marketers

Tinubu Listens, Adjusts, Responds To Nigerians On Reforms, Says VP Shettima

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.