FG eyes 150 CNG stations in 2025

The Federal Authorities says it plans to don’t have any fewer than 150 Compressed Pure Fuel stations earlier than the tip of 2025.

The Programme Director and Chief Government of the Presidential CNG Initiative, Michael Oluwagbemi, acknowledged this on Thursday through the groundbreaking ceremony of 5 mini-liquefied pure gasoline crops in Kogi by the Nigerian Nationwide Petroleum Firm Restricted.

In keeping with him, the presidential CNG initiative is hoping to draw thousands and thousands of {dollars} in funding this yr.

Oluwagbemi acknowledged the challenges of gasoline entry within the northeast and northwest areas.

He expressed optimism that mini LNG crops, akin to those to be constructed in Kogi, would play a crucial function in bridging this hole whereas awaiting the completion of the Ajaokuta-Kaduna-Kano pipeline, which is anticipated to remodel Nigeria’s gasoline transportation panorama.

He mentioned President Bola Tinubu had directed that a million automobiles should have been transformed to CNG by 2027.

“Our objective that the president has set for us is to make sure that we have now one million automobiles operating on compressed pure gasoline by 2027, and already we have now made important progress in direction of reaching this goal.

“In only one yr, we have been capable of elevate Nigeria’s compression capability by over 2,500 per cent, elevating the variety of conversion centres in Nigeria from the 2023 degree of simply seven centres to over 193 as of our final rely on December 31, 2024,” he disclosed.

Oluwagbemi talked about that $470m was attracted as an funding in 2024, saying it will double within the present yr.

“In 2024, we attracted a mixed funding of each private and non-private sector gamers of over $470m, and we count on that this degree will double within the 12 months 2025 as we search to realize at the very least a minimal of 500 conversion centres and over 150 CNG stores by the tip of this yr,” he mentioned.

The PidomNigeria studies that Nigeria at present has about 50 CNG refuelling stations to serve over 200 million Nigerians.

On account of this, the adoption of CNG has been gradual as folks refuse to transform their automobiles until there’s a CNG station close by.

House owners of petrol stations have appealed to the Federal Authorities to assist them with funds wanted for the deployment of CNG services to their filling stations.

Talking in Kogi, the Minister of Metal Improvement, Prince Shuaibu Audu, described the event of LNG infrastructure in Nigeria as a recreation changer for the nation’s power sector.

He emphasised that it not solely enhances power safety but additionally positions Nigeria as a key participant within the international LNG market.

Audu careworn that the environmental and financial advantages of such tasks are immense, paving the way in which for a sustainable and affluent future.